Question
The difference between an agency office located abroad and a subsidiary bank located abroad is a. an agency office is just a home bank in
The difference between an agency office located abroad and a subsidiary bank located abroad is
a. an agency office is just a home bank in another country while a subsidiary bank is controlled by a foreign bank and subject to the same regulations as local banks.
b. an agency office arranges loans and transfers funds but does not accept deposits while a subsidiary bank is controlled by a foreign bank and subject to the same regulations as local banks.
c. an agency office is controlled by a foreign bank and subject to the same regulations as local banks while a subsidiary bank arranges loans and transfers funds but does not accept deposits
d. an agency office arranges loans and transfers funds but does not accept deposits while a subsidiary bank is just a home bank in a foreign country.
e. an agency office is just a home bank in another country while a subsidiary bank arranges loans and transfers funds but does not accept deposits.
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
