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Question
Which of the following is not true about shell branches set by U.S. banks?a. They conduct limited interbank money market transactions rather than retail public operations.
b. They do foreign exchange transactions and limited loan participation in Eurocurrency markets.
c. They pay local taxes.
d. All of the above are true
Answer
This answer is hidden. It contains 3 characters.
Related questions
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In recent years, know-your-clients (KYC) is required by international financial regulators. In the U.S., what is the act that requires financial institutions to share information about customer identities with appropriate government agencies?
a. The USA Patriot Act
b. The Sarbanes-Oxley Act
c. The 9/11 Act
d. The U.S. Treasury Department Act
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A foreign branch office of a U.S. bank is regulated by
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