What is correspondent bank relationship
Explain what you mean by Correspondent bank relationship.
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Correspondent bank relationship is developed when two banks manage the correspondent bank account with each other. Correspondent banking system grants a mode for the bank’s MNC client in order to conduct the business globally through his local bank or its contacts.
Explain, how economic well-being of a country is improved through free international trade in the goods and services?
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
In integrated world financial market, financial crisis in country is rapidly transmitted to the other countries, resulting in the global crisis. State some of the measures would you propose in order to avoid the recurrence of the Asia-type crisis.
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