Multiple Choice
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 is called:
A) Correspondent bank.
B) Representative office.
C) Foreign branch.
D) Subsidiary bank.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q17: The London Interbank Offered Rate (LIBOR)is all
Q18: The amount of equity capital and other
Q19: Find the VAR for a portfolio of
Q20: Which of the following statements is not
Q21: A country whose banking system is organized
Q22: Which of the following is an example
Q24: A locally incorporated bank that is either
Q25: The payment amount under this FRA is
Q26: ABC Bank (seller) has made a "three
Q63: ABC International can borrow $4,000,000 at LIBOR