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 units guarantees that all buying and selling will be made by traders?
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clearing house
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trading house
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guarantee house
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professional house
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Explanation:
Detailed explanation-1: -Type of unit which guarantees that all buying and selling will be made by traders of exchange is called clearing house. A clearing house acts as an intermediary between a buyer and seller and seeks to ensure that the process from trade inception to settlement is smooth.
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