What is the Bank for International Settlements (BIS)? What three categories does the BIS designate in the foreign-exchange market? Briefly describe each category.

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What is the Bank for International Settlements (BIS)? What three categories does the BIS designate in the foreign-exchange market? Briefly describe each category.
Only resource:
International Business- Environments & Operations
John D. Daniels, Lee H. Radebaugh, & Daniel P. Sullivan, 2018
Pearson
Essay must be sourced from referenced book. Thanks!

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