Question：

A Japanese exporter will sell U.S. dollars for Japanese Yen in the quote-driven currency markets. Which of the following statements best describes her currency exchange transactions? 
A. Her counterparties are dealers. 
B. This currency exchange transaction takes place in organized exchanges. 
C. She will pay commissions for exchange services. 
 

Answer = A 
In the quote-driven currency markets, dealers are counterparties to currency exchange transactions. 
 

CFA Level I 
"Market Organization and Structure," Larry Harris 
Section 8.2 

更多精彩：

FRM和CFA有什么不同，哪个容易找工作？

CFA持证人普遍青睐的3个职位是什么？

CFA一般都是什么程度的人在考？