A subsidiary bank is
A) a locally incorporated bank that is wholly owned by a foreign parent.
B) a locally incorporated bank that is majority owned by a foreign parent.
C) a locally incorporated bank that is partially owned (but not controlled) by a foreign parent.
D) a locally incorporated bank that is wholly (or majority) owned by a foreign parent.
Correct Answer:
Verified
Q48: In reference to capital requirements,value-at-risk analysis
A)refers to
Q49: The major legislation controlling the operation of
Q50: An offshore banking center is
A)a country whose
Q51: LIBOR
A)is a market rate,analogous to the U.S.Federal
Q52: Edge Act banks
A)are not prohibited from owning
Q54: LIBOR
A)is the London Interbank Offered Rate.
B)is the
Q55: Edge Act banks are so-called because
A)they are
Q56: Both subsidiary and affiliate banks
A)operate under the
Q57: The Eurocurrency market
A)is only in Europe.
B)is an
Q58: The primary activities of offshore banks
A)include money
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