Ask Question
BusinessBusiness
12 March, 18:53

Since the passage of the International Banking Act of 1978, the competitive advantage enjoyed by foreign banks in the U. S. has been Question 2 options: A) reduced. B) mildly expanded. C) completely eliminated. D) greatly expanded.

+4
Answers (1)
  1. 12 March, 18:55
    0
    The correct answer is letter "C": completely eliminated.

    Explanation:

    The International Banking Act of 1978 was passed to give uniformity to the regulations imposed on banks moreover to those with international brands. The Act made U. S. banks with foreign facilities to be regulated equally within the U. S. and abroad and be subject to the Federal Deposit Insurance Corporation (FDIC).

    Thus, the competitive advantage of banks of following different rules domestically and internationally was completely eliminated by the International Banking Act of 1978.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Since the passage of the International Banking Act of 1978, the competitive advantage enjoyed by foreign banks in the U. S. has been ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A Student table and an Address table contain one linked record. What kind of table relationship do these tables demonstrate? one-to-one one-to-many many-to-many many-to-none
Answers (2)
A company purchased a tractor at a cost of $36,000 and sold it three years later for $18,000. The company recorded depreciation using the straight-line method, a five-year service life, and a $2,000 residual value.
Answers (1)
A specific reduction in government spending will dampen demand-pull inflation by a greater amount the: 
A. Smaller is the economy's MPC
B. Flatter is the economy's aggregate supply curve
C. Smaller is the economy's MPS
D.
Answers (1)
You lent $700 to a friend for one year at a nominal rate of interest of 4 percent. Inflation during that year was 3 percent. Did you experience an increase or decrease in the purchasing power of your money? How much did it increase or decrease?
Answers (1)
In a multi-step Income Statement: A. Total expenses are subtracted from total revenues. B. Gross profit (margin) is shown as a separate item. C. Cost of sales and operating expense are subtracted from total revenues. D.
Answers (1)
New Questions in Business
Osborn Company's unadjusted book balance at June 30, 2014 is $7,800. The company's bank statement reveals bank service charges of $45.
Answers (1)
Which of the following is a correct formula when markup is based on selling price? a Dollar markup X Selling price = Percentage markup b Dollar markup + Percentage markup = Selling price c Dollar markup - divide by-Percentage markup =
Answers (1)
Knorr issues 1,000 shares of $2 par value common stock for $10 per share. The journal entry to record this transaction will include which of the following?
Answers (1)
joan made deductible contributions to traditional retirement accounts for several years. in 2018 she decided to withdraw $10,000 from one of her accounts. joan is 62 years old how does this transaction affect her 2018 tax return
Answers (1)
If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount decreased by $2,000, cash paid for bond interest is: a.$790,000. b.$784,000. c.$806,000. d.$910,000.
Answers (1)
Home » Business » Since the passage of the International Banking Act of 1978, the competitive advantage enjoyed by foreign banks in the U. S. has been Question 2 options: A) reduced. B) mildly expanded. C) completely eliminated. D) greatly expanded.
Sign Up Forgot Password?