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 is just a home bank in another country while a subsidiary bank arranges loans and transfers funds but does not accept deposits.
C) 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.
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 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.
C
You might also like to view...
Money as a medium of exchange
I. Facilitates the exchange of goods II. Reduces the incentive to barter A) I only B) II only C) Both I and II D) Neither I nor II
In what way is the result of a subsidy given to either demanders or suppliers similar to the result of a price ceiling?
a. The amount that consumers pay for the good will be less than they previously paid b. The amount of the good that will be traded in the market will be less than previously traded c. both price ceilings and subsidies create excess demand d. The amount that consumers pay for the good will be greater than they previously paid e. both price floors and excise taxes create excess supply
In addition to
a. performing financial intermediation, banks are important in that they help create a medium of exchange. b. serving as financial markets, mutual funds are important in that they help create a store of value. c. serving as stores of value, stocks and bonds also serve as media of exchange. d. All of the above are correct.
Which of the following statements is true?
A. The total variable cost curve shows the variable costs of production given current factor prices. B. Total variable cost is inversely related to output. C. Total variable cost is always greater than total fixed cost. D. The total variable cost curve decreases as output increases.