What Is the Name Given to a Small Service Facility

question 26

Multiple Choice

What is the name given to a small service facility that is staffed by a parent bank personnel and designed to assist the clients of the parent bank in their dealings with information about local business practices and credit evaluation of the MNC's foreign customers?

• A) offshore banking center
• B) foreign branch of a bank
• C) representative office
• D) international banking facility

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Definitions:

Expansionary Monetary Policy

Monetary policy measures, such as lowering interest rates and increasing money supply, used by central banks to stimulate economic growth.

U.S. Dollar

The official currency of the United States, widely used as a standard of value and medium of exchange globally.

Balance Of Trade

The difference in value between a country's imports and exports over a given period.

Excess Reserves

Bank reserves that exceed the minimum reserve requirements set by central banking authorities.