Which of the Following Forms of International Banking Organization Is

question 18

Multiple Choice

Which of the following forms of international banking organization is a separately incorporated bank owned entirely or in part by a U.S. bank or bank holding company?

• A) foreign subsidiary bank
• B) international banking facility
• C) Edge Act bank
• D) shell branch

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Definitions:

Dividends

Funds distributed by a company to its shareholders, typically from earnings.

Retained Earnings

Profits that a company has kept or retained rather than distributed to shareholders as dividends, which may be reinvested in the business.

Fiscal Year

A financial year used for accounting purposes, which in many countries is different from the calendar year.

Statement of Cash Flows

A report presenting the impact of variations in balance sheet positions and income on cash and cash equivalents, divided into operations, investments, and finance activities.