The Foreign Bank Supervision Enhancement Act of 1991

question 3

Multiple Choice

The Foreign Bank Supervision Enhancement Act of 1991

• A)removed the Federal Reserve from a role in regulating foreign banks in the United States.
• B)removed the Office of the Comptroller of the Currency from a role in regulating foreign banks in the United States.
• C)was intended to equalize operating standards for domestic and foreign banks.
• D)removed state bank regulators from a role in regulating foreign banks in the United States.

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Definitions:

Degree of Operating Leverage

A measure of how sensitive a company's operating income is to a change in sales, indicating the proportion of fixed costs in the business's cost structure.