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.

---

Definitions:

Total Manufacturing Costs

The aggregate cost of direct materials, direct labor, and manufacturing overhead incurred to produce finished goods.

Current Asset Items

Assets expected to be converted into cash, sold, or consumed within a year or within the normal operating cycle of a business.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Finished Goods Inventory

Items in a manufacturer's inventory that are completed and ready for sale.