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

question 43

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)specifies that foreign branch banks operating in the U.S.must comply with U.S.banking regulations just like U.S.banks,and also specifies that the "shell" branches are illegal for U.S.and foreign banks.

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Definitions:

Reward

A reward is an incentive or benefit given in recognition of someone's effort, achievement, or contribution.

Self-Control

The ability of an individual to regulate their emotions, thoughts, and behavior in face of temptations and impulses.

Position Power

The authority and influence a person possesses within an organization due to the role or position they hold.

Legitimate

Conforming to established laws, rules, or standards, often carrying the implication of being justified or official.