Question: What is the difference between a correspondent, respondent, and bankers bank?

What is the difference between a correspondent, respondent, and bankers’ bank?

Step by Step Solution

★★★★★

3.36 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A correspondent bank is a bank that provides services typically ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

606-B-B-F-M (2440).docx

120 KBs Word File

Students Have Also Explored These Related Banking Questions!

Q:

What is the difference between a copyright and a trademark? Between a trademark and brand?

Q:

What is the difference between a CSB and a Government of Canada bond? What is the difference between a CSB and a Canada Premium Bond (CPB)?

Q:

What is the difference between a change in demand and a change in quantity demanded? Between a change in supply and a change in quantity supplied?

Q:

How banks fund their operations plays an important role in determining profitability and risk. Explain the consequences of a bank mistakenly pricing loans based on the historical cost of funds. Do...

Q:

How banks fund their operations plays an important role in determining profitability and risk. Explain the consequences of a bank mistakenly pricing loans based on the historical cost of funds. Do...

Q:

How banks fund their operations plays an important role in determining profitability and risk. a ) Explain the consequences of a bank mistakenly pricing loans based on the historical cost of funds....

Q:

9. What is the difference between a correspondent, respondent, and bankers bank?

Q:

What is the difference between a correspondent, respondent, and bankers' bank?

Q:

What is the difference between a correspondent, respondent, and bankers' bank?

Q:

What is the difference between a correspondent, respondent, and bankers bank?

Q:

Create your own Discrete Random Variable Write two to three sentences to describe any discrete random variable you would like to create. You will also need to mathematically outline it by providing...

Q:

Problem, A bond yield to maturity YTM is 3%, semi- annual coupon is 8%, 6 years semi.

Q:

UNM Ventures Valuation Case UNM Ventures is an entrepreneurial firm that manufactures Nano chips for supermarkets. You have been hired by the CEO of UNM Ventures to determine if he should take an...

Q:

Do you believe that the exclusionary rule is required under the Fourth Amendment? Can you think of any alternatives to the rule?

Q:

What steps should be part of any plan for meeting a long-range need for capital?

Q:

How does dividend policy affect the need for capital?

Q:

What is the ICGR, and why is it important to the management of a financial firm?

Q:

A 2% coupon, 10-year maturity TIPS is issued on July 15, 2020 for 100, its par value. If the CPI increases by 22% over the 10-year life of the bond, then the investor will receive a final coupon of...

Q:

show work if possible Consider the following table, which gives a security analyst's expected return on two stocks and the market Index in two scenarios: Defensive Aggressive Stock Scenario...

Q:

Listed below are randomly selected heights (in inches) of males from 1877 and from a recent National Health and Nutrition Examination Survey. Heights from 1877: 71, 64, 68, 70, 70, 69, 67, 67, 68,...