Which of the following statements about international banking is true?
A) U.S.banks play an important role in global business by providing loans to foreign governments and businesses.
B) Competing against foreign banks can be difficult for U.S.banks because the U.S.banks are subject to many more regulations.
C) International banking is a high-risk business.
D) Some governments protect their banks against foreign competitors.
E) All of the above statements about international banking are true.
Correct Answer:
Verified
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