What does Foreign exchange banks specialized in giving?a.foreign exchangeb.short term loansc.agricultural loansd.long term loans
Question
What does Foreign exchange banks specialized in giving?a.foreign exchangeb.short term loansc.agricultural loansd.long term loans
Solution
Foreign exchange banks specialize in providing foreign exchange (option a). They deal with the exchange of currencies from different countries. This is crucial for international trade and investment. They may also provide other services, but their main focus is on foreign exchange.
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