A bank that is stationed overseas and serves as a sales office for another bank can best be described as what?

Question

Quizplus · Accepted Answer

A bank stationed overseas that serves only as a sales office for another bank is referred to as a representative office. This type of bank is not authorized to carry out banking activities or accept deposits but may engage in market research, advertising, and promotional activities on behalf of the parent bank.

A Bank That Is Stationed Overseas and Serves as a Sales