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Retail Banking Industry And Processes MCQs

Which of the following is a reason for a person to open an offshore account?

They are pressured into it by their family

They are required to by law

They want the ability to move their money out of their home country banking system, especially during times of economic turbulence

They think the onshore banking industry is about to collapse

Answer

Correct Answer: They want the ability to move their money out of their home country banking system, especially during times of economic turbulence

Explanation:

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