A Special Subsidiary of a U

question 97

Multiple Choice

A special subsidiary of a U.S.bank that is engaged in international banking is called

• A) an international banking facility.
• B) an agency office.
• C) an Edge Act corporation.
• D) a foreign bank subsidiary.

---

Definitions:

Arbitration

The settling of a dispute by submitting it to a disinterested third party (other than a court), who renders a decision. The decision may or may not be legally binding.

Alternative Dispute Resolution

A range of processes, such as mediation and arbitration, designed to resolve disputes without traditional litigation.

Question of Law

A matter concerning the interpretation or application of laws, as opposed to a question of fact, decided by a judge.

Appellate Court

An Appellate Court is a higher court that reviews the decisions of lower courts to ensure legal errors were not made during the proceedings.