The Federal Law That Requires Each U

question 7

Multiple Choice

The federal law that requires each U.S.merging bank to notify its principal federal regulatory agency and request for an approval before a merger can take place is the:

• A)Bank Merger Act.
• B)Glass-Steagall Act.
• C)Depository Institutions Deregulation and Monetary Control Act.
• D)Garn-St Germain Depository Institutions Act.
• E)Gramm-Leach-Bliley Act.

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Definitions:

Social

Relating to society or its organization, often focusing on the interactions, structures, and dynamics within human communities.

Spiritual

Pertaining to or involving deep feelings and beliefs, especially in relation to one’s sense of peace, purpose, and connection to the universe, religion, or nature.

Prosocial

relates to behavior that is intended to benefit others, including acts of kindness, sharing, and cooperative actions.

Charitable

Describes actions or organizations that are dedicated to helping those in need, often through donations or volunteer work.