What Was the Primary Objective of the Bank Holding Company

question 35

Multiple Choice

What was the primary objective of the Bank Holding Company Act of 1956?

• A)Permitted bank holding companies to acquire banks in other states.
• B)Restricted the banking and nonbanking acquisition activities of multibank holding companies.
• C)Regulated foreign bank branches and agencies in the United States.
• D)Bank holding companies were permitted to convert out-of-state subsidiary banks into branches of a single interstate bank.
• E)Allowed for the creation of a financial services holding company.

---

Definitions:

Flashbulb Memory

Highly detailed, exceptionally vivid 'snapshot' of the moment and circumstances in which a piece of surprising and consequential (or emotionally arousing) news was heard.

Source Misattribution

A memory error where a person is unable to remember the correct source of a memory, such as recalling a dream as an actual event.

Serial-Position Effect

The tendency for recall of the first and last items on a list to surpass recall of items in the middle of the list.

Source Misattribution

A memory error where a person is unable to remember the correct source of a memory, leading to confusion about its origin.