Foreign banks that establish subsidiary and affiliate banks in the U.S.

Question

Quizplus · Accepted Answer

Foreign banks that establish subsidiary and affiliate banks in the U.S. tend to locate in states that are major centers of financial activity, such as New York, and also in highly populous states like California, Illinois, Florida, Georgia, and Texas. Therefore, option D provides the most accurate description of their preferred locations. Option A only identifies major financial centers, while option B only mentions highly populous states. Option C is incorrect because foreign banks can accept dollar-denominated deposits.

Foreign Banks That Establish Subsidiary and Affiliate Banks in the U.S