A U.S. Subsidiary of a Foreign Bank

question 16

Multiple Choice

A U.S. subsidiary of a foreign bank

• A)is subject to domestic bank regulation.
• B)may not make loans within the United States.
• C)may not accept deposits from U.S. residents.
• D)is not subject to the same branching restrictions as U.S. banks.

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Definitions:

Insolvency

Inability of a person to pay her debts as they become due.

Bulk Sale

A transaction where a business sells its inventory or a significant portion of its goods all at once, usually under conditions other than the ordinary course of business.

Bankruptcy Legislation

Laws and regulations governing the process of bankruptcy, providing a legal framework for dealing with debt unable to be paid by an individual or entity.

Preference

A prioritization or favoring of certain options, creditors, or interests over others, often relevant in legal and financial contexts.