Practicing Success
"There is no need of demanding foreign exchange for making UNILATERAL transfers abroad." Which of the following options is true in regards to the above statement? |
The statement is true The statement is false There is insufficient information Can't say anything about the statement |
The statement is false |
The statement stands to be true as any payment which is done in foreign country, be it unilateral or bilateral, has to be done in that country's currency. So, there is a need to demand foreign exchange for making unilateral transfers abroad. |