Identify the Action Taken by OCC and the Federal Reserve

question 34

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• A)Repealed the Glass-Steagall barriers between commercial banking and investment banking.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.
• E)All of the above.

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Definitions:

Two-sample T-test

A statistical test used to determine if there is a significant difference between the means of two independent samples.

Gymnasts' Scores

The numerical values assigned by judges to evaluate the performance of gymnasts in competitions.

Training Technique

A method or approach used to enhance skills, knowledge, or performance in a specific area or activity.

Paired T-test

An analytical procedure for evaluating if two associated groups have significantly different means.