Discuss the following aspects in detail and give your examples: a. Correspondent vs. branch banks and global business b. Documents against payments(DA) and its process 6. 7. What is hedging? Discuss in detail and illustrate your examples. 8. Discuss what is L/C and its advantages in detail and demonstrate your examples. 9. Why U.S. dollar is weak? Discuss at least three (3) situations and show your examples.
Expert Answer
6) a. Correspondent banks depict a relationship between at least two banks, including those in differing countries. Correspondent banks are usually small, and may have representative offices serving MNCs outside
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