1) The collapse of the Bank of Credit and Commerce International, BCCI, showed the difficulty of international banking regulation. BCCI operated in more than ________ countries and was supervised by the small country of ________.

A) 70, Luxembourg

B) 100, Monaco

C) 70, Monaco

D) 100, Luxembourg

2) Agreements such as the ________ are attempts to standardize international banking regulations.

A) Basel Accord

B) UN Bank Accord

C) GATT Accord

D) WTO Accord

3) The Basel Committee ruled that regulators in other countries can ________ the operations of a foreign bank if they believe that it lacks effective oversight.

A) restrict

B) encourage

C) renegotiate

D) enhance