Discussion Forum : Nabard & Other Bank Examinations
Question -
What is cross-border exchange?
Answer: Option D
CROSS-BORDER TRADE (CBT) IS THE EXCHANGE OF GOODS OR SERVICES BETWEEN TWO COUNTRIES. IT IS THE TRADING OF THE INDIAN RUPEE IN EXCHANGE FOR OTHER CURRENCIES/ GOODS.
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CROSS-BORDER TRADE (CBT) IS THE EXCHANGE OF GOODS OR SERVICES BETWEEN TWO COUNTRIES. IT IS THE TRADING OF THE INDIAN RUPEE IN EXCHANGE FOR OTHER CURRENCIES/ GOODS.
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