Who Has Regulatory Responsibility When a Bank Operates Branches in Many

question 68

Multiple Choice

Who has regulatory responsibility when a bank operates branches in many countries?

• A)It is not always clear.
• B)the WTO
• C)the U.S. Federal Reserve System
• D)the first country to submit an application

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Definitions:

E-Commerce Legislation

Laws and regulations specifically designed to govern online retail and commercial transactions, consumer protection, and digital business operations.

Province

An administrative division of certain countries, functioning with its own local government.

Unfair Bargain

An agreement that significantly disadvantages one party over the other, often scrutinized for fairness in contract law.

Legal Liability

The legal responsibility to compensate for harm caused by one's actions or failure to act in situations governed by law.