ExamVeda
Login
Home

Banks that deals with reciprocal agreements and accounts are considered as...

This question belongs to Management International Finance And Treasury
International Finance and Treasury
?

Banks that deals with reciprocal agreements and accounts are considered as

Answer & Solution
Correct Answer: Option A
Banks that deals with reciprocal agreements and accounts are considered as correspondent banks. Correspondent banks are financial institutions that act as an agent on behalf of other financial institutions, usually foreign banks.
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on International Finance and Treasury

The world’s four major trading currencies are all free to float against each other. They include all the following except.
A. The British Pound B. The Japanese Yen C. The Spanish Peso D. The US Dollar
Not a profit maximizing business is
A. International Monetary Fund B. International bank for Reconstruction and Development C. International Financial Corporation D. World Trade Organisation
Gifts and Relief are
A. Merchandise Payment B. Service Payment C. Factory Income D. Transfer payment
Nations that have major economic expansion attract
A. Imports B. Direct Foreign Investment C. Exports D. Privatization
More Related Questions on International Finance and Treasury