An organization form that establishes bank subsidiaries rather than branches to expand is
A)an unit bank.
B)a multibank holding company.
C)a one-bank holding company.
D)a representative office.
E)a nonbank bank.

Question

Quizplus · Accepted Answer

A multibank holding company is an organization form where a company establishes bank subsidiaries rather than branches to expand. It is different from a one-bank holding company, which has only one bank subsidiary. An unit bank is a small, locally owned and operated bank that has only one office and offers limited services. A representative office is a type of office used by foreign banks to do marketing research, liaise with customers, and promote the bank's services. A nonbank bank is a financial institution that offers bank-like services, such as lending and borrowing, but is not regulated as a bank.

An Organization Form That Establishes Bank Subsidiaries Rather Than Branches