21-131 Which of the Following Was Not an Operating Characteristic

question 39

Multiple Choice

21-131 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.
• E)They were not subject to the Glass-Steagall Act.

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