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?

Nostro account
Blocked Account
Foreign account
Capital account

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 2

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.

4 views Answered 2022-09-01 13:21

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