Type of unit which guarantees that all buying and selling will be made by traders of exchange is called
A. trading house
B. guarantee house
C. clearing house
D. professional house
Answer: Option C
Solution(By Examveda Team)
Type of unit which guarantees that all buying and selling will be made by traders of exchange is called clearing house. A clearing house acts as an intermediary between a buyer and seller and seeks to ensure that the process from trade inception to settlement is smooth. Its main role is to make certain that the buyer and seller honor their contract obligations.This Question Belongs to Management >> International Finance And Treasury
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