Question

What is exchange bank?​

Answer 1

Answer:

Exchange Bank is a community bank offering personal and business banking services including mortgages, home loans, and lines of credit and SBA loans. The exchange banks finance the internal trade of the country. They finance the movement of goods from one commercial center to another.

Answer 2

Answer:

The exchange banks finance the internal trade of the country. They finance the movement of goods from one commercial centre to another. They advance loans to traders and discount their bills of exchange.

Explanation:

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