Why Would a U

question 38

Multiple Choice

Why would a U.S. bank open a foreign branch bank?

• A)Because this form of bank organization can allow a U.S. bank to provide a fuller range of services for its MNC customers than it can through a representative office.
• B)To avoid U.S. banking regulation on transactions routed through that foreign country.
• C)Because this form of organization allows the bank to service MNC clients at low cost and without the need of having bank personnel located in the country.
• D)both a and b

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Definitions:

Purposive Approach

A method of statutory interpretation where courts look at the legislature's intent behind the law to apply it to specific cases.

RPM Agreement

The agreement between a retailer and a manufacturer that the retailer will sell certain products at a price set by the manufacturer.

Small Retail Co.

A business that sells goods or merchandise to consumers in relatively small quantities for personal, non-business use.

Auto Supply

Businesses or stores that specialize in providing parts, tools, and accessories for automobiles.