Question

What distinguishes Non-Banking Financial Companies from brokers in the foreign exchange market?

a.

Physical transaction of currencies

b.

Market speculation

c.

Involvement in international payments

d.

Facilitation of money transfers

Answer: (a).Physical transaction of currencies Explanation:Non-Banking Financial Companies provide physical transactions of currencies to accounts, differing from brokers who involve in transactions through market speculation.

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Q. What distinguishes Non-Banking Financial Companies from brokers in the foreign exchange market?

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