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The Principal Objective of the Garn-St

Question 20

Multiple Choice

The principal objective of the Garn-St.German Act of 1982 was


A) to regulate commercial banks to be more competitive with thrifts.
B) to provide thrifts with a flexibility to change their charter and to broaden their funding base.
C) to allow thrifts to sell or underwrite equity of foreign firms.
D) to provide thrifts with a power to branch out of state.
E) to allow foreign banks to compete more freely in the U.S.

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