The U.S. Financial Services Modernization Act Allowed for

question 47

Multiple Choice

The U.S. Financial Services Modernization Act allowed for

• A)the creation of financial services holding companies.
• B)the replacement of all previous regulatory agencies with one super regulator.
• C)the placement of some securities underwriting in bank subsidiaries.
• D)All of these.
• E)the creation of financial services holding companies, and the placement of some securities underwriting in bank subsidiaries.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenue.

Return On Investment

A financial metric used to evaluate the efficiency of an investment, calculating profit or loss relative to the amount of money invested.

Departmental Income Statement

A financial statement that shows the income, expenses, and net income of different departments within a company.

Contribution To Overhead

The portion of revenue that exceeds direct costs and contributes to covering a company's fixed expenses.