Purpose of foreign branch bank
Discuss the purpose of the foreign branch bank.
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Foreign branch bank operates like local bank, though legally it is part of the parent bank. As such, branch bank is subjected to the banking regulations of its home country and also country in which it operates. Primary reason for parent bank forms a foreign branch is that it may offer full range of services for its MNC customers through branch office in comparison to those it provides through a representative office.
Explain implications of the purchasing power parity for the operating exposure.
Seattle is currently considering a 10-cent tax on espresso drinks to pay for pre-school and day-care programs. The legislation’s sponsor, Rep. Burbank, argues that people who spend $3-5 on exotic espresso based coffee drinks can afford – and will be &ldquo
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