This topic contains a solution. Click here to go to the answer

Author Question: Which of the following best illustrates what the author calls the globalization of banking? a. ... (Read 67 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cassie_ragen

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

A

Answer to Question 2

C




geoffrey

  • Member
  • Posts: 880
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

For a complete list of videos, visit our video library