An Offshore banking center is
A) a country whose banking system is organized to permit external accounts beyond the normal economic activity of the county.
B) is external to any government, frequently located on old oil drilling platforms located in international waters.
C) a country like North Korea.
D) none of the above
Correct Answer:
Verified
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
Q40: Correspondent bank relationships can be beneficial
A)because a
Q41: The core of the international money market
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
Q46: The Eurocurrency market
A)is only in Europe.
B)is an
Q47: The primary activities of offshore banks
A)include money
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