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Chako Chako
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8 years ago
Rising inflationary pressure caused the U.S. to tighten its monetary policy at the end of the 1960s. As a result, market interest rates rose above the Regulation Q ceiling and American banks found it impossible to attract time deposits for re-lending. How did the banks get around this problem?
A) by creating subsidiary branches in foreign countries
B) by setting their own interest rates and then using better business as compensation for government regulations
C) by pushing through new legislation that nullified Regulation Q
D) by waiting to trade time deposits until Regulation Q no longer applied
E) by borrowing funds from European branches, which faced no restriction on the interest they could pay on Eurodollar deposits
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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8 years ago
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Chako Author
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#2
8 years ago
I doubted this website before I signed up. I regret not being a member earlier lol
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#3
8 years ago
Happy to help you!
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