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International Banking and Services

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 Business Center?

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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?

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

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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:

  • Unique services that international banking offers
  • Main types of international banks and their characteristics
  • How international banks make banking easier for those wishing to enroll
  • International banking in the U.S.
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