A potential benefit of the Financial Services Modernization Act is that
A) financial institutions can reduce their reliance on the demand for a single service.
B) financial institutions can spread across state lines as a result of the act.
C) financial institutions are free to provide loans for highly leveraged transactions and thereby increase their earnings.
D) financial institutions can reduce their reliance on the demand for a single service AND financial institutions can spread across state lines as a result of the act.
Correct Answer:
Verified
Q24: Federal deposit insurance
A)has existed since the 1800s.
B)was
Q25: Which of the following statements is NOT
Q26: Which banking act removed interest rate ceilings
Q27: During the credit crisis, the U.S. government's
Q28: Some publicly traded banks have incurred larger
Q30: Which banking act allowed banks to cross
Q31: The Financial Services Modernization Act of 1999
A)gave
Q32: The moral hazard problem is minimized when
Q33: The act of taking on more risk
Q34: The Sarbanes-Oxley Act (2002)was enacted in response
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