Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which system has been established to ensure hassle-free and safe movement of capital from one country to another?

• A. Foreign exchange system
• B. Foreign payment system
• C. Global payment system
• D. Global financial system

Answer 1

The correct option is D Global financial system

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Due to globalization, the exchange of capital occurs between countries. Therefore, to ensure the smooth and safe flow of capital from one country to another, a global financial system has been established. It is composed of a number of international institutions and banks that promote international capital flow.