Which of the Following Was Not an Operating Characteristic of Foreign

question 153

Multiple Choice

Which of the following was not an operating characteristic of foreign banks operating in the U.S.prior to the International Banking Act of 1978?

• A)They had no access to the Federal Reserve's discount window.
• B)They were not subject to the Federal Reserve's audits and exams.
• C)They had special rates on FDIC deposit insurance.
• D)They could not use the Fedwire or the fed funds market.
• E)They were not subject to the Glass-Steagall Act.

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Definitions:

Par Value

The face value of a bond or stock, typically the amount paid at maturity for bonds and the nominal value for stocks.

Government Bonds

Debt securities issued by a government to support government spending and obligations.

General Level

Typically refers to the overall state or condition of something, often used in discussions about prices, economic conditions, or the level of activity in a market.

Convertibles

Securities, usually bonds or preferred shares, that can be converted into a specific number of shares of the issuing company's common stock.