Regulations Restricting Branching Have Promoted the Development of What Two

question 31

Multiple Choice

Regulations restricting branching have promoted the development of what two financial innovations?

• A) Bank consolidation and nationwide banking
• B) Bank holding companies and automated teller machines
• C) Money market mutual funds and sweep accounts
• D) Reserve requirements and restrictions on interest paid on deposits

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Definitions:

Budget

A financial plan for a defined period, often a year, that allocates future personal income towards expenses, savings, and debt repayment.

Academic Advisor

A staff member at an educational institution who helps students plan their academic careers by offering advice on courses, programs, and other educational matters.

Government Legislation

Laws or statutes that have been passed and enacted by a governmental body such as a parliament or congress.

Student Loan Availability

The extent to which students can access financial loans to support their education, often provided by the government or private organizations.