Answer:
A primary function of the international banking system are discussed below.
Explanation:
The main and primary functions of the International banking system
- The primary function of the International banking system is to facilitate trade financing between the two countries.
- The International banking system lends and borrows in the Euro-currency market.
- The International banking system participates in the unwritten foreign bond issues.
- The International banking system provides consultancy on the strategies, Interest rates, and currency exchange.
