Major Provisions of the Financial Services Modernization Act of 1999

question 43

Multiple Choice

Major provisions of the Financial Services Modernization Act of 1999 include all of the following except

• A)allowing bank holding companies to open insurance underwriting affiliates and vice versa.
• B)allowing bank holding companies to open or merge with investment banks.
• C)creating one regulator to oversee all activities of financial service firms.
• D)all of the options are included

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Definitions:

Positive-feedback

A biological mechanism whereby a stimulus intensifies the production of a product, leading to an amplification effect in the system.

Lipid-soluble Hormones

Hormones that can pass through the lipid bilayer of cell membranes and are usually transported in the bloodstream bound to carrier proteins.

Cytoplasm

The jelly-like substance within a cell that contains all organelles and cell parts, excluding the nucleus.

Plasma Membrane

A lipid bilayer that surrounds a cell, controlling the movement of substances in and out of the cell.