Which of the Following Is Not a Feature of the Foreign

question 5

Multiple Choice

Which of the following is not a feature of the Foreign Bank Supervision Enhancement Act?

• A)The Federal Reserve has the power to close a foreign bank if it is engaged in unsafe and unsound banking practice.
• B)The Federal Reserve has the responsibility to examine each subsidiary, branch, agency, or representative office at least once each year.
• C)The Fed's approval is necessary to establish a subsidiary, branch, agency or representative office in the U.S.
• D)Only foreign subsidiaries with access to FDIC insurance can take retail deposits under $100,000.
• E)After December 19, 1992, state-licensed agencies and branches could not engage in any activity no permitted to a federal branch.

---

Definitions:

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired together; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Central Route

A method of persuasion that uses high elaboration—where people pay attention to the arguments and consider all the information in the message. This method usually results in development of stronger attitudes.

Stereotyping

The act of generalizing a set of characteristics to all members of a group, often leading to oversimplified perceptions or judgments.

Prejudice

A preconceived opinion or judgment, often negative, towards an individual or group without proper knowledge or examination.