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An engineer working in a big city in Ind...

An engineer working in a big city in India wishes to send some money to his/her parents in a small village . How can a bank help him/her ? (Both of them have accounts in the branches of the same bank.)
A. By issuing a Demand Draft
B. By opening a letter of credit in the name of his/her parents.
C. Through E-transfer of money

A

Only (A)

B

Only (B)

C

Only C

D

Both A and C

Text Solution

Verified by Experts

The correct Answer is:
D
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