As a Result of the Financial Services Modernization Act

question 40

Multiple Choice

As a result of the Financial Services Modernization Act

• A)securities firms had to search for loopholes to expand into other types of financial services.
• B)firms that formed a special finance holding company were regulated by the SEC.
• C)banking, securities activities, and insurance services could be consolidated in a single financial institution.
• D)securities firms were prohibited from expanding into other types of financial services.

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Definitions:

Modeling

A social learning process where individuals learn behaviors, skills, or attitudes by observing others, particularly those they view as role models.

Operant Conditioning

An educational method where the intensity of an action is altered through rewards or penalties.

Instrumental

Instrumental refers to something that serves as a means to an end or is used to achieve a particular purpose.

Modeling

The process of representing or simulating real-world processes, systems, or behaviors through mathematical equations, physical replicas, or computer simulations.