Which of the Following Statements Is  NOT Correct with Respect

question 31

Multiple Choice

Which of the following statements is  NOT correct with respect to the Financial Services Modernization Act of 1999?

• A)It expanded the Glass-Steagall Act.
• B)It enabled commercial banks to more easily pursue securities and insurance activities.
• C)It allowed securities firms and insurance companies to acquire banks.
• D)It required commercial banks to have a strong rating in community lending in order to pursue additional expansion in securities and other nonbank activities.
• E)All of these are correct.

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Definitions:

Point Method

A technique used in job evaluation to quantify the value of a job's aspects or components, assigning points based on complexity, skills required, and responsibilities.

Expectancy Theory

A motivation theory suggesting that an individual's willingness to work is based on the expectation that their efforts will lead to desired performance and rewards.

Instrumentality Theory

A concept in motivation theory that suggests the perceived relationship between performance and outcomes affects motivation.

Valued Reward

A tangible or intangible benefit given in recognition of achievement, performance, or service deemed desirable by the recipient.