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Question
Prior to the International Banking Act of 1978, foreign banks operating with state licenses
A. were not subject to the Federal Reserve's reserve requirements.
B. were not subject to interstate branching restrictions.
C. were not subject to restrictions on corporate securities underwriting.
D. All of the above.
E. Answers A and B only.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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The McCarran-Ferguson Act of 1945
A. separated commercial banking from insurance activities.
B. mandated federal insurance company charters.
C. stipulated that insurance companies are to be regulated at the state level.
D. initiated a national insurance guaranty fund.
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C. Liquidity trading.
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A. has publicly-traded common stock.
B. provides equity funds to companies that already have publicly traded common stock.
C. is a subsidiary of a nonfinancial corporation.
D. provides debt funding to only to established corporations.
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Which of the following would be a key area of activity for an investment bank specializing in the commercial side of the business?
A. Purchase of existing securities.
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