An Advantage to American Banks from Operating Foreign Branches Is

question 65

Multiple Choice

An advantage to American banks from operating foreign branches is that Eurodollar deposits in offshore branches are

• A)not subject to reserve requirements.
• B)insured by the FDIC.
• C)subject to extensive regulatory supervision.
• D)all demand deposits that pay no interest.

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Definitions:

Articles of Organization

The legal document filed with a government body to formally establish a limited liability company (LLC).

Statutory Agent

An individual who is designated to receive service of process when a lawsuit is filed against a corporation or an LLC.

Shareholder Proposal

A recommendation or requirement submitted by a shareholder for consideration at a company's annual meeting.

Voting Stock

Voting stock refers to shares in a company that grant the shareholder the right to vote on corporate matters, such as the election of the board of directors.