Distinguish between international and domestic banking

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Questions -

1. Define International Banking and state the need for International Banking Operations.

2. Distinguish between International and Domestic Banking.

3. Explain the modes of entry into international operations.

4. Define balance of payment. Distinguish between balance of payment and balance of trade.

5. Define Correspondent Banking. Disuss the modes of accounts in an international department.

6. What are the basic instruments that banks use to transfer funds? Distinguish between transfer methods explaining the advantages and disadvantages of each (remittance by airmail, remittance by teletransmission and foreign draft).

7. Distinguish between the two instruments "Fedwire" and "Chip".

Reference no: EM133064534

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