Questions: A bank, often a larger bank, that maintains an account relationship or engages in an exchange of services with another usually smaller bank is called a bank. Correspondent Respondent Syndicate Partner

The answer is Correspondent

A correspondent bank is a financial institution that provides services on behalf of another, often smaller, bank. This relationship allows the smaller bank to access financial services and products that it might not be able to offer on its own, such as foreign exchange, international wire transfers, and other cross-border transactions. This is the correct term for the type of bank described in the question.

A respondent bank is typically the smaller bank that receives services from the correspondent bank. It is not the term used to describe the larger bank providing the services.

A syndicate refers to a group of banks or financial institutions that come together to fund a large loan or underwrite a large financial transaction. This term does not describe the relationship between a larger bank and a smaller bank for account maintenance or service exchange.

While banks can have partnerships, the term "partner bank" is not specifically used to describe the relationship where one bank maintains an account or provides services for another bank. The term "correspondent bank" is more precise for this context.