Question

what are the foreign accounts ​

Answer 1

It is transactional account denominated in a currency other than the home currency and can be maintained by a bank in the home country or a bank in another country . Foreign currency accounts are generally not covered by national deposit insurance schemes.

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Answer 2

Answer:

foreign currency accounts is a transactional account denominated on a currency other than the home currency and can be maintained by a bank in the home country or the bank in another country. foreign currency account are generally not covered by national deposit insurance schemes

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