According to the author of this study, Korean banks serve
a. a clientele that is primarily made up of Americans of ethnic minority groups that are not Koreans.
b. a global community that is only of benefit to Koreans.
c. may be in a better position to serve both Korean communities and other minority communities than long-established American banks.
d. to take money away from American banking and to put that money into their coffers.
Question 2
The significance of globalization in banking can be seen in which of the following statements?
a. Most American minority group banks are first generation and have not had the time to build up significant cash supplies.
b. Most Asian and Asian American banks are now in their second generation, allowing them to get a stronger foothold in the American economy.
c. Asian banks are more involved in cross-border population and financial flow, thereby establishing themselves in the global economy.
d. All of the above.
Joseph Banks
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