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.

Question

Quizplus · Accepted Answer

The access to the Federal Reserve's discount window, Fedwire, and FDIC insurance are all significant benefits for foreign banks operating in the United States. These benefits help to reduce the cost of doing business and increase the level of financial stability and protection for the banks' assets. Access to these resources provides a significant advantage to foreign banks operating in the United States compared to other countries where these types of benefits may not be available.

What Is Seen as a Reason for the Increased Expansion