Quiz & Worksheet - Characteristics of International Banking

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Why would a business choose an Offshore Banking Center?

They accept large deposits of money.

They are the leading issuers of letters of credit.

They are the best at extending export credit.

They offer lower regulations and taxes.

Worksheet

Print International Banking and Services Worksheet

1. What type of bank is located in a foreign country and is used by your domestic bank to help their customers conduct business in the foreign country?

A representative office
A correspondent bank
An offshore banking center
An Edge Bank

2. How does an affiliate bank and a subsidiary bank differ?

A bank owns and controls a subsidiary bank, but does not own or control an affiliate bank
A bank owns and controls a subsidiary bank, and owns but does not control an affiliate bank
A bank owns and controls an affiliate, and owns but does not control a subsidiary bank
An affiliate bank creates loans at a lower interest rate for international businesses.

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About This Quiz & Worksheet

Challenge yourself on the characteristics of international banking. To pass the quiz, make sure you understand the services provided by international banks, as well as different types of international banks.

Quiz & Worksheet Goals

Review the following with this quiz:

Services provided by international banks
Bank that allows for services with another bank
Difference between affiliate and subsidiary banks
Where a bank could go where little regulation exists
A letter of credit

Skills Practiced

Interpreting information - verify you can read information regarding the functions of various international banks and interpret it correctly
Knowledge application - use your knowledge to identify an offshore banking center
Distinguishing Differences - compare and contrast topics from the lesson, such as affiliate and subsidiary banks

Additional Learning

Why do people use international banking? Find out with the lesson, International Banking and Services. The lesson will provide more information on the following: