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Author Question: Explain why a London Eurobank has a competitive advantage over a bank in New York in attracting ... (Read 75 times)

mckennatimberlake

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on: Jun 30, 2018
Explain why a London Eurobank has a competitive advantage over a bank in New York in attracting dollar deposits.
 
  What will be an ideal response?

Question 2

Today U.S. protectionism is concentrated in
 
  A) high-tech industries.
  B) labor-intensive industries.
  C) industries in which Japan has a comparative advantage.
  D) computer intensive industries.
  E) capital-intensive industries.


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laurnthompson

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Reply #1 on: Jun 30, 2018
Answer to Question 1

It can pay more because the London bank is not subject to any reserve requirements (neither American nor British), whereas the New York bank is subject to U.S. reserve requirements.

Answer to Question 2

B


mckennatimberlake

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

parker125

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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