The bank account of a non-resident of a country, where the amount of currency in the account cannot be transferred to another country is called as

A Nostro account
B Blocked Account
C Foreign account
D Capital account

Correct Answer: Blocked Account

The bank account of a non-resident of a country, where the amount of currency in the account cannot be transferred to another country is called as Blocked Account. A blocked account can be an account that is subject to foreign exchange controls in a country that restricts the amount of its currency that can be transferred to other countries or exchanged into other currencies.
Bissoy MCQ
#Management #International Finance And Treasury

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