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NEW QUESTION: 1
A company wants to gather daily balance reporting from its international subsidiaries' bank accounts. Which of the following systems would allow the company's bank to gather the balance positions from the local banks?
A. SWIFT
B. Giros
C. CHIPS
D. EDI
Answer: A
NEW QUESTION: 2
Which of the following practices is authorized by the Federal Reserve Act?
A. An agreement by a bank that it is responsible for the obligations of its subsidiary
B. A bank's purchase, in its fiduciary capacity, of the affiliate's assets if the fiduciary instrument allows for such a purchase
C. The acceptance of an affiliate's securities of an affiliate as collateral for a NOTES bank's loan from the bank to the affiliate
D. The sale of a nonaccruing loan from a bank to its bank affiliate
Answer: B
NEW QUESTION: 3
For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
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