NO.PZ2016010802000202
问题如下：
Which of the following counterparties is most likely to be considered a sell-side foreign-exchange market participant?
选项：
A.A large corporation that borrows in foreign currencies.
B.A sovereign wealth fund that influences cross-border capital flows.
C.A multinational bank that trades foreign exchange with its diverse client base.
解释：
C is correct.
The sell side generally consists of large banks that sell foreign exchange and related instruments to buy-side clients. These banks act as market makers, quoting exchange rates at which they will buy (the bid price) or sell (the offer price) the base currency.
考点：Participants in The Foreign Markets
解析：A multinational bank that trades foreign exchange通常是外汇市场上的卖家，而A sovereign wealth fund 以及 A sovereign wealth fund 在外汇市场上通常扮演买家的角色。
怎么区分卖方和买方市场？
