Multiple Choice
Foreign banks that establish subsidiary and affiliate banks in the U.S.
A) tend to locate in states that are major centers of financial activity.
B) tend to locate in the highly populous states of New York, California, Illinois, Florida, Georgia, and Texas.
C) can underwrite securities, but not accept dollar-denominated deposits.
D) both a and b
Correct Answer:
Verified
Correct Answer:
Verified
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