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Capital Account

Provision of ...

Question

Provision of credit in terms of foreign exchange is a:

A

All of these

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B

Hedging function of foreign exchange market

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C

Credit function of foreign exchange market

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D

transfer function of foreign exchange market

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Solution

The correct option is C
Credit function of foreign exchange market

This is a provision of the credit function.

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Similar questions

Q. Which of the following foreign exchange functions are performed by commercial banks ?
1.Transfer purchasing power through telegraphic transfers
2.Provide credit for foreign trade
3.Furnish facilities for hedging foreign exchange risks.
Select the correct answer using the codes given below :

Q. Short Answer Type Questions:
Give the meaning of:
(i) Foreign Exchange;
(ii) Foreign Exchange Rate;
(iii) Foreign Exchange Market.

Which of the following functions are performed in a foreign exchange market?

Q. Very Short Answer Type Questions:
State the three functions of foreign exchange market.

Q. Hedging in foreign exchange market refers to:

विदेशी मुद्रा बाजार में हेजिंग संदर्भित करता है:

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