The Significance of Globalization in Banking Can Be Seen in Which

question 58

Multiple Choice

The significance of globalization in banking can be seen in which of the following statements?

• A) Most American minority group banks are first generation and have not had the time to build up significant cash supplies.
• B) Most Asian and Asian American banks are now in their second generation, allowing them to get a stronger foothold in the American economy.
• C) Asian banks are more involved in cross-border population and financial flow, thereby establishing themselves in the global economy.
• D) All of the above.

---

Definitions:

Highly Developed Countries

Nations with advanced economic systems, high standards of living, and robust infrastructure.

Similar

Possessing a likeness or resemblance to something else, often used to describe objects, ideas, or conditions that share characteristics.

Dissimilar

Not alike or similar; differing in nature, form, or quality.

Gender Stereotyping

The practice of assigning roles, behaviors, activities, and attributes to individuals based strictly on their gender.