Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A foreign branch bank is all of the following, except for a. is a part of the parent bank but operates like a local bank
A foreign branch bank is all of the following, except for
a. is a part of the parent bank but operates like a local bank in the host country.
b. allows a U.S. bank to provide a fuller range of services for its MNC customers than it can through a representative office.
c. is used to avoid U.S. banking regulation on transactions routed through foreign country.
d. is subject to the banking regulations in both its home country and the local host country.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started