An advantage to American banks from operating foreign branches is that Eurodollar deposits in offshore branches are
A. not subject to reserve requirements.
B. insured by the FDIC.
C. subject to extensive regulatory supervision.
D. all demand deposits that pay no interest.
Answer:A
An advantage to American banks from operating foreign branches is that Eurodollar deposits in offshore branches are
A. not subject to reserve requirements. B. insured by the FDIC. C. subject to extensive regulatory supervision. D. all demand deposits that pay no interest.