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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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