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WAEC Commerce 2021 Question 23

Question 23

Banking

The main function of a bureau-de-change is

  1. A.buying and selling foreign currency.
  2. B.buying and selling securities.
  3. C.providing trade information.
  4. D.selling goods and services.
Show the answer and explanation

Answer: A (buying and selling foreign currency.)

Explanation

A bureau de change exists to exchange (buy and sell) foreign currencies.