Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Not all countries allow MNCs the freedom to net payments, by limiting netting, more needless foreign exchange transactions flow through the local banking system. MNCs
Not all countries allow MNCs the freedom to net payments,
by limiting netting, more needless foreign exchange transactions flow through the local banking system. | ||
MNCs can avoid these restrictions by using wire transfers. | ||
MNCs can avoid these restrictions by using a Centralized Cash Depository. | ||
MNCs can avoid these restrictions by using a Centralized Cash Depository, as well as by using wire transfers.
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started