Reason for international banking and euro currency

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Reference no: EM132044365

1. Which of the following is not a reason for international banking?

a. Very large multinational banks have high perceived prestige, which can be attractive to new clients.

b. Foreign markets may offer opportunities for growth not found domestically.

c. Multinational banks are subject to a global regulatory authority lowering its costs.

d. Greater stability of earnings due to diversification.

2. A Euro currency is:

a. the euro, the common currency of the Eurozone.

b. a time deposit of money in an international bank located in a county different from the country that issued the currency.

c. a demand deposit of money in an international bank located in a county different from the country that issued the currency.

d. Can be b) or c).

Reference no: EM132044365

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