Global Standing Instruction (GSI) allows banks to:
AFreeze foreign accounts
BDebit a defaulter's eligible accounts in other Nigerian banks to recover loansCORRECT
CIssue international cheques
DConvert naira to dollars instantly
CIBNBanking Principles
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Why the answer is B, and why the others tempt you.
GSI lets a creditor bank recover overdue loans by debiting a defaulter's eligible accounts in any participating bank.
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