Business corporations that are subsidiaries of a bank organized under Section 25 of the Federal Reserve Act and must devote the bulk of their activities to serving international customers are known as:

Question

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Agreement corporations are business entities that are subsidiaries of a bank and are organized under Section 25 of the Federal Reserve Act. They are required to primarily focus their activities on serving international customers, aligning with the characteristics described in the question.

Business Corporations That Are Subsidiaries of a Bank Organized Under