what is Subsidiary bank
State what is meant by Subsidiary bank.
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Subsidiary bank is locally incorporated bank which is either completely owned or owned in the major part by foreign subsidiary. An affiliate bank is one which is partly owned, however not controlled through its foreign parent. Both the affiliate and subsidiary banks operate under banking laws of country into which they are incorporated. U.S. parent banks find the subsidiary and affiliate banking structures desirable since they are permitted in order to engage within the security underwriting.
Providing reasons, describe the treatment assigned to the following which estimates national income.(i) Family members working freely on farm owned by family.(ii) The Payment of interest on borrowings through general government.
Exhibit 3.3 states that in year 1991, the U.S. had current account deficit and consecutively a capital account deficit. Explain about how this may occur?
Specify some of instances under FASB 52 that foreign entity’s functional currency would be same as the parent firm’s currency.
Explain why depreciation is not charged on land?
What do you mean by the Gresham’s Law?
Discuss briefly some of the variants of the basic interest rate and currency swaps.
A bank quotes an interest rate of 13.5% per annum with quarterly compounding. What is the equivalent rate with (a) continuous compounding and (b) annual compounding?
What happens when creativity based on individual exceptionalism has evolved as part of the orthodoxy of Western managerial practice is applied within a creative business organisation in the business of “symbolic production&rdquo
Explain internalization theory of the FDI. Specify the strength and weakness of this theory?
Why Liabilities are always on the left side and Assets on right side in the Balance Sheet?
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