Which of the Following Was Not an Operating Characteristic of Foreign

question 150

Multiple Choice

Which of the following was not an operating characteristic of foreign banks operating in the U.S.prior to the International Banking Act of 1978?

• A)They had no access to the Federal Reserve's discount window.
• B)They were not subject to the Federal Reserve's audits and exams.
• C)They had special rates on FDIC deposit insurance.
• D)They could not use the Fedwire or the fed funds market.

---

Definitions:

Abstract Ideas

Concepts that are not tangible or concrete, existing in thought or as an idea but not having a physical or concrete existence.

Main Points

The primary or most important ideas, arguments, or items of interest in a discussion or presentation.

Visuals

Images, diagrams, or other graphical elements used to convey information, illustrate concepts, or enhance communication.

Eye Contact

The act of looking directly into another person's eyes, which can convey confidence, interest, or respect in many cultures.