FAQ-International Monetary Fund (IMF) 1. What is the IMF’s mission and how has that changed over time? The International Monetary Fund (IMF) was created in 1944 to maintain the standard of fixed exchange rates that was established at the end of World War II. Since the abandonment of the gold standard in […]
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International Trade & Foreign Exchange-Banking Diploma Question
International Trade & Foreign Exchange-Banking Diploma Question THE INSTITUTE OF BANKERS, BANGLADESH (IBB) Banking Diploma Examination, July, 2019 DAIBB International Trade & Foreign Exchange (F E) Time—3 hours Full marks—100 Pass marks—5O [The figures in the right margin indicate full marks. Answer any four questions from group A and one […]
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Foreign Exchange Math Solution Problem: An exporter has presented an export bill for Euro 50,000 for negotiation on your bank. By using the following particulars, determine the Euro exchange rate of your bank to purchase the export bill and also determine what amount will be credited to the exporter’s account: […]
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