What type of banks were traditionally banks which engaged in trade financing?

A. Private

B. Merchant

C. Ethical

D. Offshore

B) Merchant

Explanation:

Currently merchant banks are the British equivalent of investment banks in America. They are banks that generally deal with large businesses and very rich people (high net worth individuals).

In the past, merchant banks dealt with trade financing (merchant means trader) an focused on issuing letters of credit, export credit and financing, factoring, etc.

The answer is "D. Offshore".

An offshore bank is a bank situated outside the nation of living arrangement of the investor, regularly in a low expense locale that gives money related and lawful favorable circumstances.

Offshore banking is regularly connected with an abnormal state of monetary refinement and, sometimes, trickery. In any case, actually the normal individual can open an offshore financial balance with only a couple of long periods of work. Each offshore bank and outside purview has its own prerequisites, so you'll need to do some exploration to discover the specifics relevant to your circumstance.