The major feature that distinguishes international from domestic banks is
A)the type of deposits they accept
B)the currency of denomination of the investments they make
C)a and b
D)none of these

Question

Quizplus · Accepted Answer

International banks operate across multiple countries and therefore have to deal with a wider range of currencies and deposit types compared to domestic banks. This is why both options A and B are correct, distinguishing international banks from domestic banks.

The Major Feature That Distinguishes International from Domestic Banks Is