New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What banking transaction involves the exchange of one

    currency for another at the prevailing exchange rate?
    A Mobile banking transfer Correct Answer Incorrect Answer
    B Credit card payment Correct Answer Incorrect Answer
    C Currency exchange Correct Answer Incorrect Answer
    D Auto loan application Correct Answer Incorrect Answer

    Solution

    Currency exchange is the transaction that involves the exchange of one currency for another at the current exchange rate.

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