In a modern day banking system, cash transfer cannot be made where the transferor

In a modern day banking system, cash transfer cannot be made where the transferor

  • A.
    has no sufficient cash with the bank
  • B.
    has no account with the bank
  • C.
    does not reside in the bank’s country
  • D.
    does not possess the domestic currency
Correct Answer: Option A
Explanation

You can’t transfer money when you do not not have sufficient amount of money on the account.

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