Economics · Money and Banking
In financial terms, what does the word 'Hawala' refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A system of high-yield institutional mutual funds
- 2Devaluation of currency by the central bank
- 3Illegal transit or parallel system of foreign exchange trading✓
- 4Official currency circulation through regulatory channels
Correct answer
Illegal transit or parallel system of foreign exchange trading
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