An affiliate bank is
A) a locally incorporated bank that is wholly owned by a foreign parent.
B) a locally incorporated bank that is majority owned by a foreign parent.
C) a locally incorporated bank that is partially owned (but not controlled) by a foreign parent.
D) a locally incorporated bank that is wholly (or majority) owned by a foreign parent.
Correct Answer:
Verified
Q38: Consider a U.S.importer desiring to purchase merchandise
Q39: Correspondent bank relationships can be beneficial
A)because a
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
Q44: Offshore banks
A)are frequently located on old oil
Q45: Edge Act banks
A)can accept foreign deposits,extend trade
Q46: The core of the international money market
Q47: U.S.banks that establish subsidiary and affiliate banks
A)are
Q48: In reference to capital requirements,value-at-risk analysis
A)refers to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents