BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not included in the definition of International Banking.
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A bank accepts deposits of foreign currencies from its residents
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A bank issues loans in foreign currencies
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A bank headquartered in one country lends to the residents of another country
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A bank deposits money in foreign banks
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Explanation:
Detailed explanation-1: -The correct answer is Federal Bank.
Detailed explanation-2: -International banking comprises cross-border business in any currency and local business in foreign currencies.
Detailed explanation-3: -Facilitating import of goods is not a primary function of a bank.
There is 1 question to complete.