The Federal Law That Prohibited Federally Supervised Commercial Banks from Offering

question 80

Multiple Choice

The federal law that prohibited federally supervised commercial banks from offering investment banking services on privately issued securities is known as:

• A)the Glass-Steagall Act.
• B)the Bank Merger Act.
• C)the Depository Institutions Deregulation and Monetary Control Act.
• D)the Federal Reserve Act.
• E)None of the options are correct.

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Definitions:

Marginal Utility

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.

Marginal Utility

Marginal utility represents the additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.

Total Utility

The sum satisfaction or benefit that a consumer receives from consuming a particular quantity of goods or services.

Consumer Surplus

The variance between the aggregate sum consumers are prepared and able to spend on a good or service versus what they truly pay.