Between 1995 and 2000

question 74

Multiple Choice

Between 1995 and 2000

• A)the growth in size of foreign banks meant that the United States no longer had any banks among the 30 largest in the world.
• B)mergers resulted in two U.S. banks becoming among the ten largest in the world.
• C)mergers resulted in the ten largest banks in the world all being U.S. banks.
• D)mergers resulted in the 30 largest banks in the world all being U.S. banks.

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Definitions:

Antilapse Clause

A provision in a will or estate plan that specifies what happens to a gift if the beneficiary predeceases the donor, often allowing the gift to pass to the beneficiary's heirs.

Incontestability Clause

A part of an insurance contract that precludes an insurance company from challenging statements in an insurance application after a certain period of time.

State Mandated

Requirements or actions imposed by state governments that must be complied with by individuals or entities within that state.

Premium

An insurance payment.