Most foreign trade transactions are paid for through the use of
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Correct Answer: Option A
Explanation:
the apex bank of each country, such as Central Bank of Nigeria (CBN), is in charge of clearing payment for international trade transactions. Thus, CBN's cheques are used for foreign trade.
the apex bank of each country, such as Central Bank of Nigeria (CBN), is in charge of clearing payment for international trade transactions. Thus, CBN's cheques are used for foreign trade.