An offshore banking center is
A) a country whose banking system is organized to permit external accounts beyond the normal economic activity of the country.
B) is external to any government,frequently located on old oil drilling platforms located in international waters.
C) a country like North Korea.
D) none of the options
Correct Answer:
Verified
Q45: Edge Act banks
A)can accept foreign deposits,extend trade
Q46: The core of the international money market
Q47: U.S.banks that establish subsidiary and affiliate banks
A)are
Q48: In reference to capital requirements,value-at-risk analysis
A)refers to
Q49: The major legislation controlling the operation of
Q51: LIBOR
A)is a market rate,analogous to the U.S.Federal
Q52: Edge Act banks
A)are not prohibited from owning
Q53: A subsidiary bank is
A)a locally incorporated bank
Q54: LIBOR
A)is the London Interbank Offered Rate.
B)is the
Q55: Edge Act banks are so-called because
A)they are
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