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Chako Chako
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8 years ago
The difference between an agency office located abroad and a subsidiary bank located abroad is
A) 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.
B) 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.
C) 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.
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 just a home bank in another country while a subsidiary bank arranges loans and transfers funds but does not accept deposits.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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Chako Author
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#2
8 years ago
Correct!
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#3
7 years ago
Happy to help you!
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