An offshore financial center is:
A) A branch of a bank located in a foreign country.
B) The collection of domestic banks that deal primarily with non-residents.
C) A country with financial institutions that deal primarily in foreign currency.
D) A country where financial institutions are prohibited from operating with domestic currency.
Correct Answer:
Verified
Q33: Due to fewer regulations domestic banks are
Q35: Bank syndicates are used to
A) Create "shell"
Q36: What is the eurocurrency market?
A) A market
Q37: The "Euro" prefix in eurocurrency market was
Q38: The currency in a Euro bank account
Q39: A U.S. bank based in the Cayman
Q41: Fewer regulations allow _ to offer narrower
Q42: U.S. banks created "shell" branches by
A) Having
Q44: Which of the following would not be
Q45: If a country was host to several
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