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Full fledged money changers are authorized to undertake

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International Finance and Treasury
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Full fledged money changers are authorized to undertake

Answer & Solution
Correct Answer: Option D
Full fledged money changers are authorized to undertake purchase and sale of foreign currency notes, coins and travellers cheques. The Full Fledged Money Changers are liable to carry on the following activities: FFMCs can go into franchise agreement at their convenience for undertaking the Restricted Money Changing business which comprises the conversion of coins or traveler's cheques, foreign currency notes into (INR) Indian Rupees.
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