For the Following Problems, Choose Among the Following Major Banking

question 60

Multiple Choice

For the following problems, choose among the following major banking laws.
-This legislation limited interstate branching.

• A)The McFadden Act of 1927
• B)The Glass-Steagall Act of 1933
• C)The Depository Institutions Deregulation and Monetary Control Act (DIDMCA) of 1980
• D)The Garn-St Germain Depository Institutions Act (DIA) of 1982
• E)The Competitive Equality in Banking Act (CEBA) of 1987
• F)The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989
• G)The Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991
• H)The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994
• I)Financial Services Modernization Act of 1999

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Definitions:

Gross National Product

The total value of all goods and services produced by a country's residents and businesses, including those produced abroad, over a specific time period.

Gross Domestic Product

A measure of the economic output of a country, calculating the total value of all goods and services produced over a specific time period.

Dollar Value

A measure of the worth of an item, service, or currency expressed in terms of the amount of money it can be exchanged for in U.S. dollars.

Mid East

Refers to the Middle East, a geographical region that encompasses Western Asia and parts of North Africa, known for its rich culture and historical significance.