WHICH OF THE FOLLOWING IS/ARE THE FUNCTION(S) OF EXCHANGE BANKS

28.

Which of the following is/are the function(s) of Exchange Banks?

(i) Remitting money from one country to another country

(ii) Discounting of foreign bills.

(iii) Buying and selling gold and silver.

(iv) Helping Import and Export Trade.

Select the correct answer.

(a) I and II

(b) II and III

(c) II and IV

(d) I, II and III

(e) All I, II, III and IV