An affiliate 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) both a and b
Correct Answer:
Verified
Q45: Offshore banks
A)are frequently located on old oil
Q46: The Eurocurrency market
A)is only in Europe.
B)is an
Q47: The primary activities of offshore banks
A)include money
Q48: Edge Act banks
A)can accept foreign deposits, extend
Q49: The major legislation controlling the operation of
Q52: LIBOR
A)is a market rate, analogous to the
Q53: Both subsidiary and affiliate banks
A)operate under the
Q54: In reference to capital requirements,
A)bank capital adequacy
Q55: LIBOR
A)is the London Interbank Offered Rate.
B)is the
Q59: Which banks cannot accept foreign deposits?
A)Domestic banks
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