Identify the Action Taken by OCC and the Federal Reserve

question 21

Multiple Choice

Identify the action taken by OCC and the Federal Reserve in 1997,to expand the permitted activities of bank holding companies.

• A)Repealed the Glass-Steagall barriers between commercial banking and investment banking.
• B)Allowed commercial banks to acquire directly existing investment banks.
• C)Allowed investment banks to offer banking products.
• D)Allowed investment banks to offer deposit products.

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Definitions:

Possible Paths

In a network or system, the various routes or courses of action that can be taken to achieve an objective or reach a destination.

Flexible Global Supply Chain

A supply chain that can rapidly adjust its operations and processes in response to changing global market conditions and demands.

Demand Uncertainty

The unpredictability of consumer demand for a product or service, making it difficult for businesses to forecast accurately and plan inventory levels or production schedules.

Supply Uncertainty

The risk of unpredictability in obtaining required materials or products from suppliers, which can affect production schedules, costs, and market responsiveness.