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FINAL EXAM Multiple Choice Questions (30) Please answer each of the questions below completely. WEEK 1: Financial Institutions & Markets Choose...

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FINAL EXAM - Multiple Choice Questions (30) Please answer each of the questions below completely. WEEK 1: Financial Institutions & Markets Choose among the following major banking laws to answer questions 1 to 9   (Note not all of the laws are used here): a. The McFadden Act of 1927 b. The Glass-Steagall Act of 1933 c. The Depository Institutions Deregulation and Monetary Control Act (DIDMCA) of  1980  d. The Garn-St Germain Depository Institutions Act of 1982 e. The Competitive Equality in Banking Act of 1987 f. The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 g. The Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991 h. The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 i. Financial Services Modernization Act of 1999 1. This legislation sought to limit the growth of non-bank banks.  2. This legislation introduced prompt corrective action requiring mandatory intervention  by regulators when a bank's capital falls below certain levels.   3. This legislation permits bank holding companies to acquire banks in other states.  4. This legislation limited interstate branching.   5. Eliminated restrictions on banks, insurance companies, and securities firms from  entering into each other’s areas of business.   6. This legislation separated commercial and investment banking.   7. This legislation phased out Regulation Q ceilings on deposit interest rates.   8. Provided for state regulation of insurance.  9. This legislation streamlined bank holding company supervision, with the Federal  Reserve as the umbrella holding company supervisor.   10. In the last few years, which  noninsurance  financial institution has been able to offer  insurance services to the concern of the insurance industry?
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FINAL EXAM - Multiple Choice Questions (30) Please answer each of the questions below completely. a. finance companies b. credit unions c. investment banks d. commercial banks
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