Multiple Choice

Multiple Choice

Edge Act subsidiaries of American banks:Multiple ChoiceOcan accept foreign deposits, extend trade credit, finance foreign projects abroad, trade foreign currencies, and engage in investment banking activities with U.S. citizens involving foreign securities, and arefederally chartered subsidiaries of U.S. banks that are physically located in the United States and are allowed to engage in a full range of international banking activities.Ocan accept foreign deposits, extend trade credit, finance foreign projects abroad, trade foreign currencies, and engage in investment banking activities with U.S. citizens involving foreign securities.Oare federally chartered subsidiaries of U.S. banks that are physically located in the United States and are allowed to engage in a full range of international banking activities.Ocan underwrite securities, but can only be located in states on the edge of the U.S.ONone of the options.