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How do exchange banks help in financing foreign trade? - Commercial Applications

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How do exchange banks help in financing foreign trade?

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उत्तर

Exchange banks aid in funding foreign trade by issuing letters of credit, enabling international payments, providing foreign exchange services, and supplying trade financing options such as export and import loans. These services facilitate and secure transactions between exporters and importers from various nations.

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पाठ 7: Banking and Bank Transactions - EXERCISES [पृष्ठ १२५]

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गोयल ब्रदर्स प्रकाशन Commercial Applications [English] Class 10 ICSE
पाठ 7 Banking and Bank Transactions
EXERCISES | Q 24. | पृष्ठ १२५
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