1. Which of the following could result if a country is placed on the watch-list of the Financial Action Task Force (FATF)?
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- 1. Enhanced scrutiny level of the financial transactions that the country’s banking sector would undertake with the rest of the world.
- 2. Increased cost of opening letter of credits (LC) for trade purposes.
- 3. Decreased score of the international credit ratings.
- 4. Increase cost of borrowings for the government.
- Select the correct answer using the code given below: