A system of exchanging money based on trust relationships between money dealers is called_____________ .

Question

Quizplus · Accepted Answer

The hawala system is a system of exchanging money based on trust relationships between money dealers. It is popular in many parts of the world, particularly in the Middle East and South Asia, and enables individuals and businesses to transfer money without the need for formal banking channels. It has been criticized for its potential use in money laundering and other illegal activities. Charitable fronts and expropriation are not related to this type of money exchange.

A System of Exchanging Money Based on Trust Relationships Between