A Restriction on Bank Activities That Was Repealed in 1999

question 36

Multiple Choice

A restriction on bank activities that was repealed in 1999 was

• A)the prohibition of the payment of interest on checking deposits.
• B)restrictions on credit terms.
• C)minimum down payments on loans to purchase securities.
• D)separation of commercial banking from the securities industries.

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Definitions:

Stock Prices

The current market price at which shares of a company are bought or sold.

Supply Shock

An unexpected event that suddenly changes the supply of a product or commodity, leading to a rapid change in its price.

Corporate Earnings

The profit a company makes after deducting the costs of doing business, such as expenses, taxes, and more, usually reported quarterly.

Stock Prices

The current price at which a share of a company is bought or sold in the market.