The development of foreign banking activities in the 1960s was prompted by all of the following U.S. regulations that restricted U.S. capital flows abroad except:
A) Foreign Direct Investment Program (FDIP)
B) Agricultural Export Restraint Program (AERP)
C) Interest Equalization Tax (IET)
D) Voluntary Foreign Credit Restraint program (VFCR)
Correct Answer:
Verified
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A)
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