FA FX Professional Practice Questions - Financial Academy Foreign Exchange Professional Exam (Saudi Arabia) Exam

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A basic FX money changer has paid-up capital of SAR 2,000,000 and is not licensed for money transfer. What minimum cash reserve must it keep deposited with a licensed bank?

SAR 50,000 SAR 400,000 SAR 200,000 SAR 100,000

Correct Answer:

SAR 100,000

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