Hi.

73.

Which U.S. federal law required branches and agency offices of foreign banks to secure federal licenses for their U.S. operations for the first time?

A.

International Banking Act

B.

International Lending and Supervision Act

C.

Bank Holding Company Act

D.

International Bank Supervision and Examination Procedures Act

E.

None of options is correct.

74.

Under current U.S. law, the Federal Reserve Board must be notified a minimum of __________ days in advance if a foreign bank wishes to close any of its U.S. offices.

A.

30

B.

60

C.

90

D.

180

E.

None of options is correct.

75.

A foreign currency contract that obligates the holder of the contract to take delivery of a foreign currency sometime in the future is called a:

A.

call currency option.

B.

put currency option.

C.

long-hedge currency futures contract.

D.

short-hedge currency futures contract.

E.

None of options is correct.

76.

A foreign currency contract that obligates the holder of the contract to make delivery of a foreign currency sometime in the future is called a:

A.

call currency option.

B.

put currency option.

C.

long-hedge currency futures contract.

D.

short-hedge currency futures contract.

E.

None of options is correct.

77.

A foreign currency contract that gives the holder of the contract the right to purchase a currency at a fixed price any time before the published expiration date is called a:

A.

call currency option.

B.

put currency option.

C.

long-hedge currency futures contract.

D.

short-hedge currency futures contract.

E.

None of the options is correct.

-fm