For the Following Problems, Choose Among the Following Major Banking

question 7

Multiple Choice

For the following problems, choose among the following major banking laws.
-This legislation sought to limit the growth of non-bank banks.

• 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:

DRD

Dividends-Received Deduction, a tax deduction that U.S. corporations receive for dividends distributed by other corporations in which they have an ownership stake.

Domestic Corporation

A corporation that is registered and operates within the legal jurisdiction of a specific country.

Dividend

A portion of a company's earnings distributed to shareholders, typically in cash or additional stock.

DRD

Dividends Received Deduction, a tax deduction in the United States that allows corporations to deduct dividends received from their taxable income.