The number of nostro accounts that can be maintained by a bank in a particular currency is
A) One
B) not exceeding three
C) minimum two
D) no such limit
Correct Answer:
Verified
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
Q10: A foreign currency account maintained by a
Q11: Non-resident Bank Accounts' refer to
A)nostro account
B)vostro account
C)accounts
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
Q16: The term World Bank refers to
A)IBRD
B)IDA
C)Both IBRD
Q17: . IBRD lending is not available for
A)middle
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents