In a(n) ________ the bulk of the financial activity is with nonresident counterparties

A) representative office
B) offshore banking center
C) correspondent bank
D) foreign branch of a bank


Answer: B

Business

You might also like to view...

Pervasive control activities Discuss what pervasive control activities are and provide an example of at least three

Business

An unconscionable contract is one that a court refuses to enforce because of

a. fundamental unfairness. b. illegality. c. its limit to free trade. d. overt vagueness.

Business

Of the following, which is considered in determining whether someone is an independent contractor or an employee?

a. who has the right to control how and where the work is done b. does the worker work for one firm or many c. who supplies necessary tools and supplies d. whether benefits are provided to the worker e. all of these f. only a thru c

Business

A Poisson distribution is appropriate to determine the probability of a given number of defective items in a shipment

a. True b. False Indicate whether the statement is true or false

Business