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 above
Correct Answer:
Verified
Q23: A bank may establish a multinational operation
Q36: The current exchange rate is £1.00 =
Q37: Consider a U.S. importer desiring to purchase
Q38: Correspondent bank services include
A)prepaid postage and packing
Q39: Why would a U.S. bank open a
Q41: The core of the international money market
Q42: An Offshore banking center is
A)a country whose
Q43: In reference to capital requirements, value-at-risk analysis
A)refers
Q44: Edge Act banks
A)are not prohibited from owning
Q45: Offshore banks
A)are frequently located on old oil
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