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The Purpose of the International Banking Act of 1978 Was

Question 2

Multiple Choice

The purpose of the International Banking Act of 1978 was


A) to allow foreign banks to hold equity of U.S.firms.
B) to allow U.S.banks to expand overseas without being subject to U.S.bank regulation.
C) to impose capital and liquidity requirements on foreign banks operating in the U.S.comparable to those of the U.S.banks.
D) to allow U.S.banks to underwrite equity securities of foreign firms.
E) all of the above

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