Participants that export or import goods and services that need to exchange

International trade and investment require an exchange of currency.

2 Types of Exchange Quotations

In an exchange market, this is someone who conducts an open-bid or double auction.

A _________ is a business or individual who quotes both a "buy" and a "sell" price for a financial instrument that is kept in inventory. 

A _______ is a foreign currency account held by a bank in another bank.

It is his job to create market prices for his currency.

One of the concern of investors is to obtain ____ rate of return

This participants makes BIGGER transactions