Which among the following is not a direct participant in the foreign exchange market? Option 1: Resident dealers. Option 2: Foreign exchange dealers. Option 3: Monetary authorities. Option 4: Commercial banks.

The answer is 'Resident dealers.'. View full solution:

CUET Economics - Which among the following is not a direct participant in the foreign exchange market? | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Macro

Easy

Resident dealers.

Foreign exchange dealers.

Monetary authorities.

Commercial banks.

✅ Correct Option: 1