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Question
Which of the following statements is true?a. In general, U.S. banks are permitted to engage in a wider range of business activities in the U.S. than in foreign countries.
b. In general, U.S. banks are permitted to engage in a wider range of business activities in foreign countries than in the U.S.
c. In general, U.S. banks are permitted to engage in a wider range of business activities in the U.S. than foreign banks.
d. In general, foreign banks are permitted to engage in a wider range of business activities in the U.S. than in their home countries.
e. Both a and d are true statements.
Answer
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