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This assignment has 3 parts:
1. Review the Assignments for this course, accessed by clicking on the “Assignment” tab at the top of your screen, and then selecting each Unit# – Assignment, reviewing the description, type, and deliverables. What questions do you have about these assignments in Units 1 – 4? What questions do you have about the overarching Unit 5 assignment? Although not due until the end of the class, it is important that you begin planning for this project early in the course. What are your initial thoughts about how you will approach this assignment? Explain.
In unit three we will be looking and talking about collaboration. Then unit 4 we will be writing an executive summary get ready for our unit five project . at this time I really don’t have any questions. Then everything we have learned from lesson 1-4 we will put it together and write a paper for our lesson 5 project.
2. Explain the differences between domestic banks and international banks.
The term domestic say that it is any branch or office that is in the United States. This bank or domestic will fall under that will be under the United States laws, territory. An international bank is a financial entity that will offer financial services that will be payment accounts and will also lend money to foreign clients. These banks fall under international laws.
3. How do U.S. companies use international banks?
A lot of our United States big companies stash money in an international bank. It will keep them from paying the 35% taxes to the United States. The taxes on the money will not be due until it come back to the United States. That is why Apple, Microsoft, Google and General Electric always leave a large amount of their money overseas. When your money is overseas you will only pay 20% not 35% like the United States want. Our companies will also borrow money from international banks to receive low interest rates.
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