A Representative Office

question 95

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 above

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Definitions:

Environmental Risk

The potential for environmental damage or degradation resulting from a project or activity, impacting ecosystems, biodiversity, or human health.

Eliminating Risk

The process or strategy of removing potential hazards or uncertainties that could negatively impact a project or operation.

Structured Analysis

A methodology used in software engineering for converting business requirements into technical specifications.

Allocated Evenly

The process of distributing resources or items equally across multiple areas or entities.