1.Which type of organizational structure gives the least exposure on legal action to the parent bank?

a.Branch

b.Corresponding banking

c.Subsidiary

d.Representative office

2.What is the main reason for BIS to introduce a standard practice in banking supervision among all countries in the world?

a.To increase banking system stability

b.To ease central banks' job in formulating rules and guidelines

c.To ensure no foreign banks can avoid regulation

d.To ensure banks can survive during a crisis time

3.Which institution ranked as the highest regulatory body in the US banking system?

a.Federal Deposit Insurance Corporation (FDIC)

b.The Federal Reserve System

c.Bank for International Settlement

d.International Monetary Fund