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

Economics

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In what way is the result of a subsidy given to either demanders or suppliers similar to the result of a price ceiling?

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In addition to

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Economics

Which of the following statements is true?

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Economics