If Toranaga-san, who works for a Japanese trading company that operates in Japanese yen, wanted to purchase Spanish castanets from a company in Barcelona and needed Euros to complete the transaction, he would use the ________ to gain access to spot Euros.

If Toranaga-san, who works for a Japanese trading company that operates in Japanese yen, wanted to purchase Spanish castanets from a company in Barcelona and needed Euros to complete the transaction, he would use the ________ to gain access to spot Euros.





A) stock market
B) foreign-exchange market
C) New York Stock Exchange
D) international export market



Answer: B


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