What is the correct answer?

7. An office of the home bank in another country, carrying out the same business as local banks, usually as subject to local and home banking regulations is: O an agency office located abroad a subsidiary bank located abroad O a foreign branch 8. Find the wrong statement regarding exchange rate and relative prices: O: an appreciation of a country's currency raises the relative price of its exports O' an appreciation lowers the relative price of a country's exports a depreciation raises the relative price of its imports 9. In Berlin, a donut costs 3.50 EUR. The same donut costs 6.20 SGD in Singapore. At an exchange