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 above
Correct Answer:
Verified
Q22: A foreign branch bank
A)is a small service
Q23: A foreign branch bank operates like a
Q24: Which of the following are reasons why
Q25: A representative office
A)is what lawyers' offices are
Q28: Why would a U.S. bank open a
Q29: The current exchange rate is £1.00 =
Q30: A bank may establish a multinational operation
Q30: A correspondent bank relationship is established when
A)two
Q32: The most popular way for a U.S.bank
Q36: A bank may establish a multinational operation
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