Which of the following is true about financial institutions in the United States
ID: 1175593 • Letter: W
Question
Which of the following is true about financial institutions in the United States compared to those in other countries?
Most U.S. intermediaries are allowed to engage in nonbanking (nonfinancial) business activities, whereas the nonbanking activities of foreign financial institutions have been severely restricted until recently.
U.S. financial institutions have been much more heavily regulated than their foreign counterparts with regard to expansion (branching) and the services that could be offered.
U.S. financial institutions and their foreign counterparts have similar regulations with regard to engaging in nonbanking activities.
U.S. financial institutions and their foreign counterparts have similar regulations with regard to expansion (branching) and the services that could be offered.
U.S. financial institutions have been regulated less than their foreign counterparts with regard to expansion (branching) and the services that could be offered.
a.Most U.S. intermediaries are allowed to engage in nonbanking (nonfinancial) business activities, whereas the nonbanking activities of foreign financial institutions have been severely restricted until recently.
b.U.S. financial institutions have been much more heavily regulated than their foreign counterparts with regard to expansion (branching) and the services that could be offered.
c.U.S. financial institutions and their foreign counterparts have similar regulations with regard to engaging in nonbanking activities.
d.U.S. financial institutions and their foreign counterparts have similar regulations with regard to expansion (branching) and the services that could be offered.
e.U.S. financial institutions have been regulated less than their foreign counterparts with regard to expansion (branching) and the services that could be offered.
Explanation / Answer
Ans: Option B. U.S. financial institutions have been much more heavily regulated than their foreign counterparts with regard to expansion (branching) and the services that could be offered.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.