Types of international banking offices
List different types of the international banking offices.
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Services and operations that international bank undertakes is the function of regulatory environment in which bank operates and the type of banking facility developed.
a) Correspondent bank relationship b) Representative office c) Foreign branch d) Subsidiary bank e) Edge Act banks f) Offshore banking center
State the definition of Cash Discount?
Suppose a firm's common stock paid a dividend of $1.75 yesterday. You expect the dividend to grow at the rate of 8% per year for the next 3 years, if you buy the stock, you plan to hold it for 3 years and then sell it. Q : Fictitious Assets Define the terms Define the terms Fictitious Assets?
Define the terms Fictitious Assets?
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Suppose that treasurer of IBM has an extra cash reserve of $1,000,000 to invest for the six months. Six-month interest rate is 8% per annum in U.S. and 6% per annum in the Germany. Presently, spot exchange rate is DM1.60 per dollar and six-month forward exchange rate
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