________ focus on offering banking and other financial services to nonresident customers.

Question

Quizplus · Accepted Answer

Offshore financial centers focus on providing banking and other financial services to nonresident customers, typically offering tax incentives and lower regulation than in their home countries. Subsidiary banks are fully owned by a parent bank but operate independently, while branch banks are a form of expansion for a bank in which it operates as a branch of the parent bank in a different location. Affiliated banks are those that have a relationship or connection with other banks, such as sharing a common owner or cooperating on certain services.

________ Focus on Offering Banking and Other Financial Services to Nonresident