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The Glass-Steagall Act Made It Illegal for an Investment Bank

question 75

True/False

The Glass-Steagall Act made it illegal for an investment bank to buy or sell securities on behalf of its customers.


Definitions:

Plus Four Method

A statistical method that adds four to the sample size and regards two successes and two failures in a binomial proportion confidence interval.

P-value

The probability of obtaining a test statistic at least as extreme as the one observed, assuming the null hypothesis is true; used to determine statistical significance.

Hypothesis

A supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Confidence Interval

A span of values, generated from the statistics of a sample, that is likely to comprise the value of an undefined population parameter.

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