A Representative Office

question 66

Multiple Choice

A representative office

• A)is a way for the parent bank to provide its MNC clients with a level of service greater than that provided through merely a correspondent relationship.
• B)is a small service facility staffed by parent bank personnel that is designed to assist MNC clients of the parent bank in dealings with the bank's correspondents.
• C)is a step up from a correspondent relationship,but below a foreign branch.
• D)all of the options

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Definitions:

Nuclear Family

A family unit consisting of two parents and their children, considered the traditional core of a familial structure.

Divorce Rate

The divorce rate is a statistical measure that represents the number of divorces occurring in a given population during a specified period, often expressed per 1,000 individuals.

Population

The total number of individuals or items of interest within a particular area, group, or category.

Instrumental Role

In sociology, a role focused on achieving goals, often associated with providing for the family's material needs.