The Edge Act of 1919 Permitted U

question 15

True/False

The Edge Act of 1919 permitted U.S.banks to create banking facilities in foreign countries that were regulated by the foreign government,not by the Federal Reserve.

---

Definitions:

Explanatory Variable

A type of independent variable that is manipulated to determine its relationship with observations in an experiment or study.

Explanatory Variable

A variable that is manipulated or categorized to observe its effect on a response variable.

Gross Sales

The total revenue generated from sales before any deductions are made for returns, discounts, or allowances.

Response Variable

The outcome variable on which comparisons are made, often dependent on the predictor or independent variables in a study.