What Is the Name of the Foreign Bank Account That

question 14

Multiple Choice

What is the name of the foreign bank account that a trader maintains in a foreign bank and from which they would request transfer of currency to the account of another trader with whom they have concluded a transaction?

• A)nostro account
• B)short sale account
• C)settlement account
• D)interbank account

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Definitions:

Distinct Industries

Different sectors of the economy that produce different types of goods or services, characterized by unique products, markets, and production processes.

Market Shares

The portion of a market controlled by a particular company or product.

Natural Monopoly

A natural monopoly occurs when a single firm can supply a market's entire demand for a good or service at a lower cost than any potential competitor, often due to high fixed or startup costs.

Antitrust Law

Legislation aimed at preventing anti-competitive practices, monopolies, and fostering fair competition in the market.