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The process of money laundering, largely involves

  • A.Conversion of black money into white money
  • B.Earning huge interests in foreign banks
  • C.Conversion of drug profits into legitimate money
  • D.Conversion of white money into black money

Answer: A

The process of money laundering largely involves the conversion of black money into white money, the first option: money earned illegally or kept off the books is passed through a series of transactions so that it looks legitimate.

The third option, conversion of drug profits, describes one source of such money, but the key takes the general statement. Earning interest abroad is a different matter, and converting white money into black money is the reverse of laundering.

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