Which of the Follow Are Reasons for Offshore Banking? I

question 20

Multiple Choice

Which of the follow are reasons for offshore banking? I. Avoid high costs of domestic regulation
II) Avoid government mandated credit allocations
III) Avoid taxes on capital flows
IV) Avoid attempts to seize foreign deposits

• A) II only
• B) I and III
• C) I,II, and III
• D) I, II, III, and IV

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Definitions:

Measured

Evaluated or quantified using specific criteria or instruments, often used for performance or dimensional assessments.

Per Capita

A measure that divides a statistical quantity by the population who shares it, commonly used to express economic data in relation to people.

GDPs

Gross Domestic Products; the total monetary value of all goods and services produced within a country's borders in a specific time period, serving as a broad indicator of economic health.

Western European

Referring to the countries located in the western part of the European continent.