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  • Question
  • What do you mean by ?foreign draft??


  • Correct Answer
  • Foreign draft is an alternative to foreign currency; it is generally used to send money to a foreign country It can be purchased from the commercial banks, and they will charge according to their banks rules and norms People opt for ?foreign draft? for sending money as this method of sending money is cheaper and safer It also enables receiver to access the funds quicker than a cheque or cash transfer 


  • Accounting and Finance problems


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    • 1. What is ?Amortization??
    • Discuss
    • 2. What is overdraft protection?
    • Discuss
    • 3. What are the types of accounts in banks?
    • Discuss
    • 4. What is Bank Rate?
    • Discuss
    • 5. What are the advantages and the disadvantages of equity finance and debt finance to a company raising finance and investors?
    • Discuss
    • 6. What do you mean by ?cheque endorsing??
    • Discuss
    • 7. What is ?Bill Purchase??
    • Discuss
    • 8. What ACH stands for?
    • Discuss
    • 9. What is Line of credit?
    • Discuss
    • 10. The primary Economic function of the Financial system is to

    • Options
    • A. Providing experts advice to investors and savers
    • B. Match one person's savings with another person's investment
    • C. Keeping interest rates low
    • D. Match one person's consumpion expenditure with another person's capital expenditure
    • Discuss


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