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Question
If a foreign bank operates a subsidiary bank in the U.S., the subsidiary bank is
A) subject to the same regulations as a U.S. owned bank.
B) only subject to the regulations of the country in which the foreign bank is chartered.
C) restricted to making loans to only foreign citizens in the U.S.
D) restricted to accepting deposits from foreign citizens living in the U.S.
Answer
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Related questions
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A) capital mobility.
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D) deposit jumping.
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D) as a tax on loans.
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A) could choose; were required
B) could choose; were given the option
C) were required, could choose
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Q:
Probably the most significant factor explaining the drastic drop in the number of bank failures since the Great Depression has been
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Q:
The Federal Reserve Act of 1913 required that
A) state banks be subject to the same regulations as national banks.
B) national banks establish branches in the cities containing Federal Reserve banks.
C) national banks join the Federal Reserve System.
D) state banks could not join the Federal Reserve System.
Q:
The U.S. banking system is considered to be a dual system because
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B) it actually includes both banks and thrift institutions.
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The National Bank Act of 1863, and subsequent amendments to it,
A) created a banking system of state-chartered banks.
B) established the Office of the Comptroller of the Currency.
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Q:
The belief that bank failures were regularly caused by fraud or the lack of sufficient bank capital explains, in part, the passage of
A) the National Bank Charter Amendments of 1918.
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Q:
Currency circulated by banks that could be redeemed for gold was called
A) junk bonds.
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Q:
The Second Bank of the United States was denied a new charter by
A) President Andrew Jackson.
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Q:
Because of the abuses by state banks and the clear need for a central bank to help the federal government raise funds during the War of 1812, Congress created the
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Q:
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A) Bank of United States was chartered in New York in 1801.
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C) Bank of United States was chartered in Philadelphia in 1801.
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Q:
________ within the U.S. can make loans to foreigners but cannot make loans to domestic residents.
A) Edge Act corporations
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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