The exchange permit can stipulate:
A) the quantity of goods that can be exchanged for a particular sum of foreign currency.
B) the number of parties that can be involved in an exchange transaction.
C) the amount to be exchanged to be deposited in a local bank for a set period.
D) the parties involved to declare collaterals to avail of exchange permits.
E) the number of times one party can avail of exchange permits.

Question

Quizplus · Accepted Answer

The exchange permit can stipulate that the amount to be exchanged must be deposited in a local bank for a set period prior to the transfer of goods.

The Exchange Permit Can Stipulate