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The International Banking Act of 1978

Question 38

Multiple Choice

The International Banking Act of 1978


A) equalized deposit rates being paid by banks in different countries.
B) reduced the cost advantages that foreign banks had previously enjoyed in the United States.
C) brought the Eurodollar market under the control of U.S. regulators.
D) was an agreement reached under the auspices of the United Nations to allow banks to operate more freely in foreign countries.

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