A foreign currency account maintained by a bank abroad is its
A) nostro account
B) vostro account
C) loro account
D) foreign bank account
Correct Answer:
Verified
Q5: Funds that cannot be remitted from the
Q6: Exchange rate between currency A and currency
Q7: Agreement to exchange one currency for another
Q8: Long- term securities denominated in two currencies
Q9: Foreign exchange transactions involve monetary transactions
A)among residents
Q11: Non-resident Bank Accounts' refer to
A)nostro account
B)vostro account
C)accounts
Q12: The number of nostro accounts that can
Q13: Full fledged money changers are authorized to
Q14: . IMF augments its resources by borrowing
Q15: The value of SDR is
A)equivalent to one
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