Which of the Following Is (Are)the Key Component(s)included in the International

question 47

Multiple Choice

Which of the following is (are) the key component(s) included in the International Banking Act (IBA) of 1978?

• A)Foreign banks are required to follow the same branching laws as U.S.banks.
• B)Legal reserves requirements determined by the Federal Reserve Board are compulsory against deposits accepted by U.S.branch or agency offices of foreign banks with consolidated assets of $1 billion or more.
• C)U.S.branches of foreign banks are eligible for deposit insurance under stipulated conditions.
• D)U.S.branches of foreign banks have access to certain Federal Reserve services,such as the ability to borrow from the Federal Reserve banks.
• E)All of the options are correct.

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Definitions:

Biography

A detailed description or account of someone's life, including factual and interpretive narratives.

Gun Control

The set of laws or policies that regulate the manufacture, sale, transfer, possession, modification, or use of firearms by civilians.

Documentary

A non-fictional film or television program intended to document some aspect of reality, primarily for the purposes of instruction, education, or maintaining a historical record.

Opinion

A belief or judgment that rests on grounds insufficient to produce complete certainty and does not necessarily have a basis in fact or knowledge.