Home » Commerce » An account maintained with a commercial bank for the purpose of foreign exchange transaction is…

An account maintained with a commercial bank for the purpose of foreign exchange transaction is…

An account maintained with a commercial bank for the purpose of foreign exchange transaction is the?
  • A.
    foreign account
  • B.
    international account
  • C.
    domiciliary account
  • D.
    foreign reserves account
Correct Answer: Option C
Explanation