Economics · Indian Economy

According to the text, what is the term for branches of banks that can conduct foreign exchange transactions?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1D) Private Banks
2C) Commercial Banks
3B) Foreign Exchange Dealers
4A) Authorized Dealers✓

Correct answer

A) Authorized Dealers

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According to the text, what is the term for branches of banks that can conduct foreign exchange transactions?

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