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The Third State Bank of Laramie Has Opened an Office

Question 87

Multiple Choice

The Third State Bank of Laramie has opened an office in Morocco.This office does not take deposits but makes commitments to make loans,issues letters of credit,and provides technical assistance to companies in Morocco.What type of office has the Third State Bank of Laramie opened in Morocco?


A) A representative office
B) An agency office
C) A branch office
D) A subsidiary
E) An export trading company

Correct Answer:

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