8. Which of the following is correct about internationalization of U.S banks?

a) Access to cheap domestic source of funds (e.g. deposits) allowed U.S. banks to have competitive advantage over foreign banks

b) U.S. banks internationalized because of the restricted domestic growth potential due to government regulation

c) Technical superiority enabled U.S. banks to have competitive advantage over foreign competitors

d) U.S. banks have only focused on commercial banking business in its foreign expansion

e) b) and c) of the above

f) a) and b) and c) of the above

9. Which of the following is NOT correct about the Japanese banking industry?

a) Due to significant saving pool, current account surplus strengthened Yen, Japanese banks were able to outperformed in the international banking sector

b) Japanese banks expand to foreign market by attract more foreign customers

c) Deregulation of public debt financing is one of the factor that triggered Japanese

banking crisis.

d) Deregulation of private equity placement is one of the factor that triggered Japanese banking crisis.

e) b) and c)

f) b) and d)

10. Which of the following is true?

a) A universal banking refers to a banking structure where a financial institution

can perform both investment banking and commercial banking functions

b) A specialized system is a financial architecture where a commercial bank is not

allowed to engage in non-commercial banking activities such as provision of

insurance services, investment banking activities, etc.

c) The current (post-GFC era) U.S. financial system is an example of a specialized

financial system.

d) All of the above

e) (a) and (b) of the above