Question

Write a short note on exchange banks.​

Answer 1

Exchange Bank is a community bank offering personal and business banking services including mortgages, home loans and lines of credit and SBA loans. When it comes to trading, LMFX is the broker you are looking for, an innovative online foreign exchange broker that offers advanced institutional and retail trading conditions to a global audience. We have thought of everything you might need, to ensure a smooth hassle-free trading experience. It allows various currencies which, you could check out on their official website.

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.