Which of the following best illustrates what the author calls the globalization of banking?
a. Since new Korean immigrants may have limited funds in the United States, Korean banks can use as collateral money that is still in Korea.
b. Now that Korean banks are firmly established in the United States, the government in this country believes them when they are told that money is available, even if it is not in the United States yet.
c. There now is a worldwide credit system that links all banks together, so that the actual money does not have to be available in U.S. dollars at the time of the transaction.
d. Banks do business all over the globe and are no longer anchored to a "home" country.
A
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