A foreign branch bank operates like a local bank,but legally
A) it is a part of the parent bank.
B) a branch bank is subject to both the banking regulations of its home country and the country in which it operates.
C) a branch bank is subject to only the banking regulations of its home country and not the country in which it operates.
D) it is a part of the parent bank,and a branch bank is subject to both the banking regulations of its home country and the country in which it operates.
Correct Answer:
Verified
Q21: A foreign branch bank
A)is a small service
Q36: A bank may establish a multinational operation
Q37: Which of the following are reasons why
Q38: Consider a U.S.importer desiring to purchase merchandise
Q39: Correspondent bank relationships can be beneficial
A)because a
Q41: In reference to capital requirements,
A)bank capital adequacy
Q42: Foreign banks that establish subsidiary and affiliate
Q43: An affiliate bank is
A)a locally incorporated bank
Q44: Offshore banks
A)are frequently located on old oil
Q45: Edge Act banks
A)can accept foreign deposits,extend trade
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