SAIFM RPE Foreign Exchange Market Practice Questions - SAIFM Registered Person Examination The Foreign Exchange Market Exam

What is the primary role of a market maker in the South African interbank foreign exchange market?

To continuously quote two-way (bid and ask) prices and stand ready to buy or sell foreign currency To broker transactions anonymously without taking principal position risk To regulate commercial banks' foreign currency holding limits on behalf of FinSurv To clear non-resident portfolio investments through the Central Securities Depository

Correct Answer:

To continuously quote two-way (bid and ask) prices and stand ready to buy or sell foreign currency

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