Solved

The Foreign Bank Supervision Act of 1991 Contains All of the Following

Question 62

Multiple Choice

The Foreign Bank Supervision Act of 1991 contains all of the following provisions except:


A) Foreign banks may only accept deposits less than $100,000 if they obtain FDIC insurance
B) Federal Reserve Board approval is necessary to create a branch, agency or representative office in U.S. territory
C) Foreign banks operating in the U.S. must be subject to comprehensive supervision by their home country
D) Foreign banks must not engage in unsound banking practices
E) All of the above are provisions of the 1991 Act

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents