A bank located usually in another country that provides service for another bank is

A. Foreign bank

B. Central bank

C. Correspondent bank

D. World Bank

Answer: Option C

Solution(By Examveda Team)

A bank located usually in another country that provides service for another bank is Correspondent bank. A correspondent bank is a bank that provides services on behalf of another, equal or unequal, financial institution. It can facilitate wire transfers, conduct business transactions, accept deposits, and gather documents on behalf of another financial institution.