A bank,concerned about risk exposure in entering a foreign market,lacking the necessary expertise and customer contacts abroad,or wishing to offer services restricted to banks alone,may choose to:

Question

Quizplus · Accepted Answer

Entering into a joint venture with a foreign financial firm allows the bank to share expertise and resources with a local partner, reducing risk and providing access to customer contacts abroad. It also allows the bank to offer specialized services that may be restricted to banks alone. Setting up a branch office or agency office requires more investment and may carry higher risk, while setting up a representative office or shell branch would not provide the necessary resources and expertise to enter the foreign market successfully.

A Bank,concerned About Risk Exposure in Entering a Foreign Market,lacking