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FIS 260 Week 2 DQ 2

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Why do you think international banking is important? What are some of the differences between banks in the United States and those in other countries? Why did the United States pass the International Banking Act in 1978, and then the Foreign Bank Supervision Enhancement Act in 1991? Do you think these laws are a good idea, or do you think that the banking system in this country must closely resemble the banking systems of other countries? Explain your answer.

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