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When collecting bank allows the customer

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Reference no: EM132936519

Problem 1: Central Bank of Oman maintains adequate foreign exchange reserve. The aim is to bring:

a. Increase the value of foreign currency

b. Increase in the value of local currency

c. Decrease in the value of local currency

d. No change in the value of local currency

Problem 2: The collecting banker faces enormous risk, when collecting bank allows the customer:

a. To deposit the cheque with insufficient balance

b. To deposit the outstation cheque

c. To deposit the other bank cheque through ATM machine

d. To withdraw the amount before the clearance of cheque

Reference no: EM132936519

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