BUSINESS ADMINISTRATION
BUSINESS COMMUNICATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank correspondence can be done in which of the following situations
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To open account in bank
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To avail loan
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To know financial status of a customer
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All of the above
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Explanation:
Detailed explanation-1: -Correspondent banking may include various services, such as international funds transfers, cash management services, check clearing, loans and letters of credit or foreign exchange services.
Detailed explanation-2: -“Any letter exchanged between bank and its clients or any other letter written by bank to any. other party else for performing its banking activities” is known as banking correspondence.
There is 1 question to complete.