A Restriction on Bank Activities That Was Repealed in 1999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A restriction on bank activities that was repealed in 1999 was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:

Total Institution

A concept in sociology for a place of residence and work where a large number of like-situated individuals, cut off from the wider society for a considerable time, together lead an enclosed, formally administered life.

Resocialize

The process by which individuals learn new norms, values, attitudes, and behaviors to adapt to a new social environment or role.

Hidden Curriculum

The implicit lessons and values taught in school that are not part of the formal curriculum, such as social norms and expectations.

Natural Scientists

Professionals who study the physical world, encompassing various disciplines such as biology, chemistry, physics, and earth sciences, to understand nature's laws and phenomena.