Which of the following best illustrates what the author calls the globalization of banking?
a. Since new Korean immigrants may have limited funds in the United States, Korean banks can use as collateral money that is still in Korea.
b. Now that Korean banks are firmly established in the United States, the government in this country believes them when they are told that money is available, even if it is not in the United States yet.
c. There now is a worldwide credit system that links all banks together, so that the actual money does not have to be available in U.S. dollars at the time of the transaction.
d. Banks do business all over the globe and are no longer anchored to a home country.
Question 2
Which of the following is NOT an example of how Korean bankers use relationship lending in helping their clients?
a. They are more lenient than banks that follow strictly transactional lending guidelines.
b. They can more easily explain risky investments to their clients because the language and cultural similarities they share.
c. They form personal relations with their clients, which may be illegal, but since it is done in the Korean language, American governmental financial institutions are kept in the dark.
d. They provide training and workshops for their Korean clientele to get them up to speed on American economic rules and regulations.
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