As a Result of the Global Financial Crisis Several of the Large,free-Standing

question 63

Multiple Choice

As a result of the global financial crisis several of the large,free-standing investment banking firms chose to become bank holding companies. This means that they will now be regulated by

• A)the Federal Reserve.
• B)the FDIC.
• C)the state banking authorities.
• D)the Treasury.

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Definitions:

Objectivity

The state or quality of being unbiased, unprejudiced, and not influenced by personal feelings or opinions.

Appeal To Majority

The fallacy of using the fact that large numbers of people believe a proposition to be true as evidence of its truth.

Fallacy

An error in reasoning that renders an argument invalid or unsound, often due to a misleading or flawed premise.

Proposition

An assertion or declaration that conveys a personal judgment or belief, capable of being either accurate or inaccurate.