While it cannot accept deposits, this type of international banking facility set up abroad by a U.S. bank attempts to find new loan customers for the home office and assist existing customers with their particular financial needs. The particular facility being described is the:

Question

Quizplus · Accepted Answer

A representative office is the correct answer because it is set up by a U.S. bank abroad primarily for marketing and liaison purposes, helping to find new loan customers and assist existing ones without accepting deposits or offering banking services directly.

While It Cannot Accept Deposits, This Type of International Banking