Identify the Action Taken by OCC and the U

question 79

Multiple Choice

Identify the action taken by OCC and the U.S. Federal Reserve in 1997, to expand the permitted activities of bank holding companies.

• A)Repealed the Glass-Steagall barriers between commercial banking and investment banking.
• B)Allowed commercial banks to acquire directly existing investment banks.
• C)Allowed investment banks to offer banking products.
• D)Allowed investment banks to offer deposit products.
• E)All of these.

---

Definitions:

Parallel Construction

The use of successive verbal constructions in poetry or prose that correspond in grammatical structure, sound, meter, meaning, etc.

Display Enthusiasm

The act of openly showing excitement and eagerness about a specific topic, activity, or idea.

Parallel Construction

The use of consistent grammatical or structural elements within sentences or paragraphs to improve coherence and balance.

Boldface

A type style that makes letters and words darker and more prominent to highlight significance.