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Gemiola [76]
3 years ago
5

Banking is a general term of what

Business
1 answer:
Whitepunk [10]3 years ago
5 0
Corporation chartered by a state to engage in international banking; so named because the corporation enters into an "agreement" with the Board of Governors to limit its activities to those permitted an Edge Act corporation. Typically organized as a subsidiary of a bank, an agreement corporation may conduct activities abroad that are permissible to foreign banks abroad but that may not otherwise be permissible for U.S. banks.
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