Which Banks Cannot Accept Foreign Deposits

question 86

Multiple Choice

Which banks cannot accept foreign deposits?

• A)Domestic banks located in the U.S.
• B)Edge Act banks located in the U.S.
• C)Subsidiary banks located overseas
• D)Foreign branches located overseas

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Definitions:

Operating Income

The profit realized from a business's operations after subtracting operating expenses from revenues.

Activity Level

Refers to the volume of production or the quantity of operations that influences costs in manufacturing or service delivery.

Net Operating Income

Profit generated from a company's core business operations, excluding deductions of interest and taxes.

Flexible Budget

A flexible budget adjusts based on changes in the volume of activity, allowing for a more accurate comparison of actual to budgeted performance.