Economics · International Business
In international banking, the conversion of a foreign currency trade bill liability into a home currency liability upon non-payment or expiry is termed as ___________.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Crystallization✓
- 2Domestic Capitalization
- 3Securitization
- 4Confirmation
Correct answer
Crystallization
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