METHODS OF MAKING FOREIGN PAYMENTS
Banking, Business, Commerce

METHODS OF MAKING FOREIGN PAYMENTS

FOREIGN EXCHANGE INTRODUCTION: The foreign (international) trade has become inevitable for all countries in present era. But every country faces problems for international receipts and payments due to determination of exchange rate and procedure. It is the desire of every country’s trader that he should be paid in his own country’s currency. Thus, determination of exchange rate, conversion of the…

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