what is factor conditions?

[Dollyo]

Business English Lesson, Advanced Level

ESL/EFL Test #378 "Merit Raises", question 6

The TFCS provides on-line access to the FRCS, enabling payments to mortgagees to be made to financial institutions that have access to the FRCS; the payment can also be made to financial institutions that do not have access to the FRCS through ......... financial institutions or Federal Banks.

(a) affiliated
(b) correspondent
(c) equivalent
(d) intermediary

Business English Lesson, Advanced Level

ESL/EFL Test #378 "Merit Raises", answer 6

The TFCS provides on-line access to the FRCS, enabling payments to mortgagees to be made to financial institutions that have access to the FRCS; the payment can also be made to financial institutions that do not have access to the FRCS through correspondent financial institutions or Federal Banks.

Correct answer: (b) correspondent
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what is factor conditions?
what are owner specific and firm specific factors?
what is an economic union?
what is counter trade?
given 2 example of taffic barries and NTBs?

Dollyo