What is seen as a reason for the increased expansion of foreign bank activities in the United States following the passage of the International Banking Act?
A)Access to the Federal Reserve's discount window, Fedwire, and FDIC insurance.
B)Absence of the Federal Reserve's reserve requirements, audits, and exams.
C)No interstate branching restrictions.
D)No restrictions on corporate securities underwriting activities.
E)Limited access to financial markets.

Question

Quizplus · Accepted Answer

The International Banking Act provided foreign banks with access to the Federal Reserve's discount window, Fedwire, and FDIC insurance, which were important incentives for their expansion in the United States. The other answer choices do not provide as strong of a reason for the increased expansion of foreign bank activities.

What Is Seen as a Reason for the Increased Expansion