Correspondent bank relationships can be beneficial
A) because a bank can service its MNC clients at a very low cost.
B) because a bank can service its MNC clients without the need to have personnel in many different countries.
C) because a bank can service its MNC clients without developing its own foreign facilities to service its clients.
D) all of the options
Correct Answer:
Verified
Q21: A foreign branch bank
A)is a small service
Q34: The current exchange rate is £1.00 =
Q36: A bank may establish a multinational operation
Q37: Which of the following are reasons why
Q38: Consider a U.S.importer desiring to purchase merchandise
Q40: A foreign branch bank operates like a
Q41: In reference to capital requirements,
A)bank capital adequacy
Q42: Foreign banks that establish subsidiary and affiliate
Q43: An affiliate bank is
A)a locally incorporated bank
Q44: Offshore banks
A)are frequently located on old oil
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