Full fledged money changers are authorized to undertake
A. only sale transactions
B. only purchase transactions
C. all types of foreign exchange transactions
D. purchase and sale of foreign currency notes, coins and travellers cheques
Answer: Option D
Solution(By Examveda Team)
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.This Question Belongs to Management >> International Finance And Treasury
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