Respuesta :
Answer:
Through foreign branch banking, U.S. based multinational companies can consolidate their financial business at a single bank that handles their trade finance, currency transactions, project loans, payroll, cash management investments and deposit accounts throughout the world.
Answer:)
Why are banks often involved in export transactions? During the process of payment between two companies from different countries, they have to convert the currency. A bank is the only one who can help companies convert currency to the one they prefer.
Hope it helps you:)
Why are banks often involved in export transactions? During the process of payment between two companies from different countries, they have to convert the currency. A bank is the only one who can help companies convert currency to the one they prefer.
Hope it helps you:)