The Law That Set Up the Federal Banking System and Provided

question 86

Multiple Choice

The law that set up the federal banking system and provided for the chartering of national banks was the:

• A)National Bank Act.
• B)McFadden Act.
• C)Glass-Steagall Act.
• D)Bank Merger Act.
• E)Federal Reserve Act.

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Definitions:

Dividend Payments

The distribution of a portion of a company's earnings to its shareholders, typically in the form of cash or stock.

Ex-Dividend Date

The specific date on which a stock is traded without the right to receive the next dividend payment.

Market Price

Refers to the current price at which an asset or service can be bought or sold in a open and competitive market.

Stock Drops

A decline in the market price of a company's shares.