Question:What does the term "Nostro Account" imply?
A It is another term for an Escrow Account
B It is a banking term to describe an account a bank holds with a bank in a foreign country, usually in the currency of that country
C It is an account with a bank from which any part of the balance may be withdrawn on demand
D It is an account with two or more authorized signatories
+ AnswerA
+ Explanation
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