Besides World Trade Growth, What Can Explain the Growth of International

question 32

Multiple Choice

Besides world trade growth, what can explain the growth of international banking since the 1960s?

• A) war in the Middle East
• B) government focus on banking regulation
• C) an increase in world travel
• D) the emergence of developing countries like China
• E) desire of depositors to hold currencies outside the jurisdiction of the countries that issue them

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Definitions:

Ethics

A branch of philosophy dealing with what is morally right or wrong, encompassing moral principles that govern an individual's behavior or conducting an activity.

Law

A set of guidelines established and implemented by societal or government bodies to control conduct.

Society

A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.

Sarbanes-Oxley Act

A United States federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.