An In-House Bank

question 28

Multiple Choice

An in-house bank:

• A)is a separate bank chartered to operate within a business firm.
• B)is in fact a set of functions performed by the firm's existing treasury department.
• C)assesses the credit standing of the bank's customers.
• D)provides banking services for employees.

---

Definitions:

Determined

A term that implies a firm or persistent resolution to achieve a particular outcome or objective.

Trade Balance

The difference between a country's exports and imports, indicating whether a country has a trade surplus or deficit.

Reduced

Describes a condition where something is made smaller in size, amount, or degree.

Balance Of Payments

A record of all transactions made between one particular country and all other countries during a specified period of time.