Edge Act Banks Are So-Called Because

question 18

Multiple Choice

Edge Act banks are so-called because

• A)they are federally chartered subsidiaries of U.S.banks that are physically located in the United States and are allowed to engage in a full range of international banking activities.
• B)Senator Walter E.Edge of New Jersey sponsored the 1919 amendment to Section 25 of the Federal Reserve Act to allow U.S.banks to be competitive with the services foreign banks could supply their customers.
• C)they can only be chartered in states that are on the borders of the United States-on the "edge" of the map.
• D)none of the options

---

Definitions:

Babinski

A reflex action of the toes, which is normal in infants but may indicate neurological problems in adults.

Rooting

An innate reflex in infants that prompts them to turn their head toward something touching their cheek and start to suck.

Motor Development

The progression of muscle coordination, strength, and control that enables an individual to perform complex physical movements.

Premature

Occurring or happening before the expected time, often used in medical contexts such as premature birth.