A Restriction on Bank Activities That Was Repealed in 1999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A restriction on bank activities that was repealed in 1999 was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

Strategic Plans

Long-term, forward-looking approaches with overarching goals and objectives that guide the direction of an organization.

Grand Strategy

A comprehensive, long-term plan that outlines an organization's or nation's overarching goals and the means to achieve them.

Cross-Functional Teams

Groups composed of members from different departmental or functional backgrounds working together towards a common goal.

Production Process

The series of steps or actions taken to manufacture a product or deliver a service, from initial inputs to the final output.