The Major Legislation Controlling the Operation of Foreign Banks in the U.S

question 42

Multiple Choice

The major legislation controlling the operation of foreign banks in the U.S.

• A)specifies that foreign branch banks operating in the U.S. must comply with U.S. banking regulations just like U.S. banks.
• B)specifies that foreign branch banks operating in the U.S. must comply with their country-of-origin banking regulations just like U.S. banks operating abroad.
• C)specifies that the "shell" branches are illegal for U.S. and foreign banks.
• D)both a and c

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Definitions:

Decision Making

The cognitive process of choosing a course of action from among multiple alternatives.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, often utilized when facing complex problems or incomplete information.

Reasoning

The mental activity of transforming information to reach conclusions.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.