Maintaining a foreign currency account is helpful to | Faculties

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Mr. Dubey

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📊 Banking and Finance 2

Q. Maintaining a foreign currency account is helpful to

(A) Avoid transaction cost.
(B) Avoid exchange risk.
(C) Avoid both transaction cost and exchange risk.
(D) Avoid exchange risk and domestic currency depreciation

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✅ Correct Answer: (C) Avoid both transaction cost and exchange risk.

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