Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) Foreign banks, in addition to having correspondent relation with United States banks, are permitted to set up subsidiaries in this country.
B) The trust receipt is used by a bank in releasing shipping documents to a customer when the bank wishes to retain title to the merchandise.
C) A nation with relatively lower interest rate levels will have a relatively stronger currency.
D) A nation with a relatively lower inflation rate will have a relatively stronger currency.