Which of the following statements concerning representative banking offices is correct?
A) Representative offices are established in a foreign country primarily to assist the parent bank's customers in that country.
B) Representative offices can accept deposits,make loans,transfer funds,accept drafts,transact in the international money market or commit the parent bank to loans.
C) Representative offices can cash a traveller's cheque drawn on the parent bank.
D) All of the above.
Correct Answer:
Verified
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