When an Overseas Banking Operation Is Incorporated Within the Parent

question 81

Multiple Choice

When an overseas banking operation is incorporated within the parent bank, what is it called?

• A) subsidiary bank
• B) branch bank
• C) affiliated bank
• D) correspondent bank

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Definitions:

High-Level Diction

The use of sophisticated and advanced vocabulary in writing or speech.

Proofreading

The process of reviewing and correcting written material to ensure accuracy in grammar, spelling, punctuation, and formatting before it is published or finalized.

Communication Channel

The medium through which a message is transmitted from sender to receiver, such as email, telephone, or in-person.

Formality

The adherence to established rules or customs, typically in official or ceremonial contexts.