Which of the following statements is (are) CORRECT?
An international bank with a presence in another country operating a branch or subsidiary may engage in transactions that do not involve international banking.
International banking transactions may be carried out by a bank with no international presence.
Greenfields (i.e. newly established banks) are the preferred type of entry of global banks into other countries as they offer many advantages and have hardly any disadvantages compared to other forms of entry (e.g. acquisitions of existing banks).
Group of answer choices
a. I and II.
b. II and III.
c. Only I.
d. Only II.
e. Only III.