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Elis [28]
3 years ago
9

A foreign branch bank operates like a local bank, but legally Group of answer choices a branch bank is subject to only the banki

ng regulations of its home country and not the country in which it operates. it is a part of the parent bank. a branch bank is subject to both the banking regulations of its home country and the country in which it operates. it is a part of the parent bank, and a branch bank is subject to both the banking regulations of its home country and the country in which it operates.
Business
1 answer:
Art [367]3 years ago
7 0

Answer:

Foreign branch

This is usually refered to as legal and operational section (part)of the parent bank. It is said that creditors of the branch have full legal rights on the bank's assets in all and also creditors of the parent bank have hold/claims on its branches' assets.

A foreign branch bank operates like a local bank, but is legally part of the the parent.

A branch bank is subject to both the banking regulations of home country and the country in which it operates (foreign country)

Explanation:

Foreign Branches

A foreign branch bank is a branch of a bank in other country. It usually operates like a local bank even though they are a section or part of the the parent legally. Thehy abide by the rules and regulations of the banking regulations of home country and also that of foreign country which their operating is based (branched)

They are commonly known to give a wide and broad range of services than a representative office. Branch Banks are used by U.S. banks to expand overseas.

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Sydney saved $10,000 during her first year of work after college and plans to invest it for her retirement in 40 years. how much
Yuliya22 [10]
Given:
P = $10,000, the principal
t = 40 yers, time duration
r = 8% = 0.08, the interest rate
Assume that
n = 12, monthly compounding.

The value after 40 years is
A=P(1+ \frac{r}{n} )^{nt}
nt = 12*40 = 480
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3 years ago
Jen bought 100 shares of ABC stock at $15 a share on July 14, 2017. On August 7, 2018, she noticed that the stock had increased
Lubov Fominskaja [6]

Answer:

The revenue from the sale treated as a long term capital gain on her 2018 income tax return

Explanation:

capital gain = (100*20) - (100*15)

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tax on capital gain = $500*15%

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