When the parent lends to an affiliate in order to circumvent blocked fund policies of governments in affiliate countries,a financial intermediary is often used such as a(n)________.

Question

Quizplus · Accepted Answer

Eurobanks often specialize in services such as facilitating cross-border transactions and dealing with international currencies. They may be used as a financial intermediary when a parent company wants to lend to an affiliate in a country with blocked funds policies.

When the Parent Lends to an Affiliate in Order to Circumvent