21-132 Which of the Following Is Not a Feature of the Foreign

question 112

Multiple Choice

21-132 Which of the following is not a feature of the Foreign Bank Supervision Enhancement Act?

• A)The Federal Reserve has the power to close a foreign bank if it is engaged in unsafe and unsound banking practice.
• B)The Federal Reserve has the responsibility to examine each subsidiary,branch,agency,or representative office at least once each year.
• C)The Fed's approval is necessary to establish a subsidiary,branch,agency or representative office in the U.S.
• D)Only foreign subsidiaries with access to FDIC insurance can take retail deposits under $100,000.
• E)After December 19,1992,state-licensed agencies and branches could not engage in any activity no permitted to a federal branch.

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Definitions:

Ethyl Acetoacetate

An organic compound used as a reagent in organic synthesis, known for its role in the synthesis of various compounds through the Claisen condensation.

Major Organic Product

The primary product formed in the highest yield during a chemical reaction involving organic compounds.

Reaction Conditions

The specific parameters under which a chemical reaction is performed, including temperature, pressure, solvent, and catalysts.

2,5-Dimethylhexanoic Acid

2,5-Dimethylhexanoic Acid is an organic compound characterized by a branched chain structure that falls within the category of carboxylic acids.