A foreign branch bank operates like a local bank, but legally
A) it is a part of the parent bank.
B) a branch bank is subject to both the banking regulations of its home country and the country in which it operates.
C) a branch bank is subject to only the banking regulations of its home country and not the country in which it operates.
D) both a and b
Correct Answer:
Verified
Q6: By far the most important international finance
Q8: A bank may establish a multinational operation
Q18: Currently, the biggest bank in the world
Q22: A foreign branch bank
A)is a small service
Q22: A foreign branch bank
A)is a small service
Q24: Which of the following are reasons why
Q25: A representative office
A)is what lawyers' offices are
Q27: A representative office
A)is a way for the
Q28: Why would a U.S. bank open a
Q36: A bank may establish a multinational operation
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