One of the successes of the European Union (EU) is that banks have "passporting rights," which means that
A. banks in the EU are not required to follow the policies of a central monetary authority.
B. banks in the EU can sell financial services to any EU country without regulatory barriers.
C. banks in the EU have the authority to issue EU passports and travel visas to any citizen of a member country.
D. banks in the EU have unlimited access to foreign financial capital.
Answer: B
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In the "fooling" model, it is assumed that ________ can have inaccurate perceptions of the price level in the economy
A) workers B) firms C) workers and firms D) neither workers nor firms
The speculative, transactions, and precautionary demands for money added together give the
A. Keynesian liquidity trap. B. Monetarist demand-for-money curve. C. Market demand curve for money. D. Market supply curve for money.