ANSWER THE QUESTIONS BELOW AND GIVE EXPLANATION WHY CORRECT.

1. People using offshore centers to open bank accounts mainly because

a. less rules and regulations

b. secrecy of owners

c. of exchange control

d. to do money laundering

2. Which below is not one of the factors determining the mix of banks loan

a. Characteristics of Market Area

b. Characteristics of currency

c. Market size

d. Regulations

3. An offshore center is a country which offers to the residents and non-residents of other countries the ability to establish companies and to use its financial services for activities outside this center, offering in most of the cases some advantages such as low taxation rates. (true/false)

4. Financial players prefer to use international financial centers because its easy to flexible trusts and special purpose companies. (true/false)