ACT AwardICM Practice Questions - ACT Award In International Cash Management (AwardICM) Exam

What is the primary function of an In-House Bank (IHB) within a multinational corporate group?

To issue public debt and commercial paper directly to retail investors To act as an internal financial intermediary providing accounts, loans, and netting services to group subsidiaries To replace commercial banks for clearing high-value domestic payments To provide retail banking services to employees across operating locations

Correct Answer:

To act as an internal financial intermediary providing accounts, loans, and netting services to group subsidiaries

Access more questions from this quiz

Continue to ACT AwardICM Practice Questions - ACT Award in International Cash Management (AwardICM) Exam for more practice questions and the full quiz experience.

Access More Questions