Question 1

The ________________________ is the law that states that a bank must get federal approval in order to combine with another bank.

Accepted Answer

Bank Merger Act

Question 2

The first major federal banking law in the U.S.was the _________________________.This law was passed during the Civil War and set up a system for chartering new national banks through the OCC.

Accepted Answer

National Bank Act

Question 3

The __________________________ allows adequately capitalized and managed bank holding companies to acquire banks anywhere in the United States.However,no one bank can control more than 30 percent of the deposits in any one state (unless the state waives this restriction)or more than 10 percent of the deposits across the country.

Accepted Answer

Riegle-Neal Interstate Banking and Branching Efficiency Act

Question 4

The _____________________ Act prohibits banks and publicly owned firms from publishing false or misleading financial performance information.

Accepted Answer

The answer of The _____________________ Act prohibits banks and publicly...

Question 5

The __________________________ brought bank holding companies under the jurisdiction of the Federal Reserve.

Accepted Answer

The answer of The __________________________ brought bank holding companies under...

Question 6

The _____________________ was created as part of the Glass-Steagall Act.In the beginning it insured deposits up to $2,500.

Accepted Answer

The answer of The _____________________ was created as part of...

Question 7

The _________________________ was passed during the Great Depression.It separated investment and commercial banks and created the FDIC.

Accepted Answer

The answer of The _________________________ was passed during the Great...

Question 8

The _____________________________ is the center of authority and decision making within the Federal Reserve.It consists of seven members appointed by the president for terms not exceeding 14 years.

Accepted Answer

The answer of The _____________________________ is the center of authority...

Question 9

The _________________ requires selected financial institutions to report suspicious activity in customer accounts to the Treasury Department.

Accepted Answer

The answer of The _________________ requires selected financial institutions to...

Question 10

The McFadden Act and the Douglas amendment which prevented banks from crossing state lines were later repealed by the _______________________________.

Accepted Answer

The answer of The McFadden Act and the Douglas amendment...

Question 11

The __________________________ was created in 1913 in response to a series of economic depressions and failures.Its principal role is to serve as the lender of last resort and to stabilize the financial markets.

Accepted Answer

The answer of The __________________________ was created in 1913 in...

Question 12

The central bank of the new European Union is known as the ______________________.

Accepted Answer

The answer of The central bank of the new European...

Question 13

One of the main roles of the Federal Reserve today is ________________.They have three tools that they use today to carry out this role: open market operations,the discount rate,and legal reserve requirements.

Accepted Answer

The answer of One of the main roles of the...

Question 14

The ___________________________ allows well-managed and well-capitalized banking companies with satisfactory CRA ratings to affiliate with insurance companies and securities firms either through a financial holding company or through a subsidiary firm owned by a bank.

Accepted Answer

The answer of The ___________________________ allows well-managed and well-capitalized banking...

Question 15

The policy of FDIC to levy fixed insurance premiums regardless of the risk involved,led to a/an _____________ problem among banks.The fixed premiums encouraged banks to accept greater risk.

Accepted Answer

The answer of The policy of FDIC to levy fixed...

Question 16

One tool that the Federal Reserve uses to control the money supply is ________________.The Federal Reserve will change the interest rate they charge for short-term loans when they are using this tool of monetary policy.

Accepted Answer

The answer of One tool that the Federal Reserve uses...

Question 17

In 1980,the __________________________ was passed,which lifted U.S government ceilings on deposit interest rates in favor of free-market interest rates.

Accepted Answer

The answer of In 1980,the __________________________ was passed,which lifted U.S...

Question 18

One tool that the Federal Reserve uses to control the money supply is ________________.The Federal Reserve will buy and sell T-bills,bonds,notes,and selected federal agency securities when they are using this tool of monetary policy.

Accepted Answer

The answer of One tool that the Federal Reserve uses...

Question 19

Customers of financial-service companies may _____________________ of having their private information shared with a third party,such as a telemarketer.However,in order to do this,they must tell the financial-services company in writing that they do not want their personal information shared with outside parties.

Accepted Answer

The answer of Customers of financial-service companies may _____________________ of...

Question 20

The federal bank regulatory agency which examines the most banks is the _____________.

Accepted Answer

The answer of The federal bank regulatory agency which examines...

Quiz 2: The Impact of Government Policy and Regulation on the Financial-Services Industry

The ________________________ is the law that states that a bank must get federal approval in order to combine with another bank.

The first major federal banking law in the U.S.was the _________________________.This law was passed during the Civil War and set up a system for chartering new national banks through the OCC.

The _____________________ Act prohibits banks and publicly owned firms from publishing false or misleading financial performance information.

The __________________________ brought bank holding companies under the jurisdiction of the Federal Reserve.

The _____________________ was created as part of the Glass-Steagall Act.In the beginning it insured deposits up to $2,500.

The _________________________ was passed during the Great Depression.It separated investment and commercial banks and created the FDIC.

The _____________________________ is the center of authority and decision making within the Federal Reserve.It consists of seven members appointed by the president for terms not exceeding 14 years.

The _________________ requires selected financial institutions to report suspicious activity in customer accounts to the Treasury Department.

The McFadden Act and the Douglas amendment which prevented banks from crossing state lines were later repealed by the _______________________________.

The __________________________ was created in 1913 in response to a series of economic depressions and failures.Its principal role is to serve as the lender of last resort and to stabilize the financial markets.

The central bank of the new European Union is known as the ______________________.

One of the main roles of the Federal Reserve today is ________________.They have three tools that they use today to carry out this role: open market operations,the discount rate,and legal reserve requirements.

The ___________________________ allows well-managed and well-capitalized banking companies with satisfactory CRA ratings to affiliate with insurance companies and securities firms either through a financial holding company or through a subsidiary firm owned by a bank.

The policy of FDIC to levy fixed insurance premiums regardless of the risk involved,led to a/an _____________ problem among banks.The fixed premiums encouraged banks to accept greater risk.

One tool that the Federal Reserve uses to control the money supply is ________________.The Federal Reserve will change the interest rate they charge for short-term loans when they are using this tool of monetary policy.

In 1980,the __________________________ was passed,which lifted U.S government ceilings on deposit interest rates in favor of free-market interest rates.

One tool that the Federal Reserve uses to control the money supply is ________________.The Federal Reserve will buy and sell T-bills,bonds,notes,and selected federal agency securities when they are using this tool of monetary policy.

The federal bank regulatory agency which examines the most banks is the _____________.