NIBAF Foreign Trade Practice Questions - NIBAF Foreign Trade Certificate Program Exam

In the SBP regulatory framework, what is the meaning of the term 'Authorized Dealer' (AD)?

A customs clearing agent approved by the Federal Board of Revenue An international currency broker operating in the interbank market A government-licensed merchant dealing in import-export physical goods A commercial bank or financial institution licensed by the SBP to deal in foreign exchange

Correct Answer:

A commercial bank or financial institution licensed by the SBP to deal in foreign exchange

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