Discuss Some of the U

question 24

Essay

Discuss some of the U.S.-based companies that are now foreign controlled and describe how U.S. companies have been affected by this.

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Definitions:

Big Bank

A large, influential financial institution capable of exerting significant impact on the national or global economy.

Banking System

The network of financial institutions that provide banking services, such as accepting deposits and lending money.

Drawer

In financial transactions, the drawer is the person who writes or issues a cheque or draft, instructing their bank to pay a specified sum of money to the payee or bearer.

Payee

The individual or entity to whom a check, draft, or note is made payable.