A representative office
A) is a way for the parent bank to provide its MNC clients with a level of service greater than that provided through merely a correspondent relationship.
B) is a small service facility staffed by parent bank personnel that is designed to assist MNC clients of the parent bank in dealings with the bank's correspondents.
C) is a step up from a correspondent relationship,but below a foreign branch.
D) all of the options
Correct Answer:
Verified
Q21: A foreign branch bank
A)is a small service
Q22: A correspondent bank relationship is established when
A)two
Q23: A bank may establish a multinational operation
Q24: Why would a U.S.bank open a foreign
Q25: A bank may establish a multinational operation
Q27: Why would a U.S.bank open a foreign
Q28: A representative office
A)is what lawyers' offices are
Q29: The current exchange rate is £1.00 =
Q30: A bank may establish a multinational operation
Q31: The current exchange rate is €1.00 =
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