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Question
What is globalization?
A. The process that causes an FI to focus more intensely on their own domestic market.
B. Acceptance of the Federal Reserve as the regulator of the world financial system.
C. Usually refers to the initiation of GLOBEX, a new international financial communications and trading system.
D. The evolution of markets and institutions so that geographic boundaries do not restrict financial transactions.
E. Joint ownership of international electronic payments systems.
Answer
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Related questions
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The two policy categories offered by property-casualty insurers that are most likely to be subject to rate regulation are
A. auto insurance and worker's compensation.
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C. earthquake and flood.
D. surety bonds and financial guaranty.
E. product liability and farm owner multiple peril.
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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.
E. limited insurance company assets to low risk government securities.
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The surrender value of an insurance policy is
A. the expected payment commitment on existing policy contracts.
B. a fund established and held separately from the company's other assets.
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D. the same as the endowment payout.
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A. Position trading.
B. Pure arbitrage.
C. Liquidity trading.
D. Risk arbitrage trading.
E. Program 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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A. Purchase of existing securities.
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C. Brokerage of existing securities.
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