A Country Whose Banking System Is Organized to Permit External

question 20

Multiple Choice

A country whose banking system is organized to permit external accounts beyond the normal economic activity of the country is called

• A)Representative country
• B)Offshore banking centre
• C)Onshore banking centre
• D)Full service country

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Definitions:

Regulations

Rules or directives made and maintained by an authority to regulate behavior or processes.

Patrol Officers

Law enforcement members who perform general policing duties such as patrolling, investigating crimes, and ensuring public safety.

Middle Managers

Employees who manage other managers or significant projects within an organization, serving as a link between top management and lower-level staff.

Higher Administrators

Individuals occupying top positions in an organization, responsible for making major decisions.