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3I0-013 · Question #168

3I0-013 Question #168: Real Exam Question with Answer & Explanation

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Question

What is a correspondent bank?

Options

  • AA bank which processes payment orders on behalf of another bank
  • BA bank which processes payment orders on national level only
  • CA bank which has subsidiaries in CLS-countries
  • DA bank which has a minimum reserve account in more than one country

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