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CRCM Exam - Question 58


____________ is any company of which the bank is a subsidiary or any other subsidiary of the same company of which the bank is a subsidiary.

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Correct Answer: D

Affiliates refer to any company of which the bank is a subsidiary or any other subsidiary of the same company of which the bank is a subsidiary. This term is used to describe the relationship between companies that are related through ownership or control, which fits the description provided in the question.

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Cam22Option: D
Mar 15, 2024

In banking and financial contexts, affiliates refer to companies that are related to a bank either as subsidiaries or through other forms of ownership or control. This relationship can include being subsidiaries of the same parent company as the bank or being subsidiaries of companies of which the bank is also a subsidiary.