Which of the Following Is True Regarding Investment Banks

question 14

Multiple Choice

Which of the following is true regarding Investment Banks?

• A) As a result of the financial crisis of 2008, all stand alone Investment banks either failed, were merged into commercial banks, or became commercial banks.
• B) Under the Glass-Steagal act, commercial banks were allowed to operate as Investment banks.
• C) When Glass-Steagal was repealed in 1999, commercial banks and Investment banks had to be separate entities.
• D) As of 2010, stand alone Investment banks are numerous.

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Definitions:

Success

The achievement of set goals, targets or intended outcomes, often marked by performance or attainment in personal or business endeavors.

Locus Of Control

A psychological concept referring to the extent to which individuals believe they have control over the events that influence their lives.

Self-Determination

The process by which individuals control their own lives and make their own choices.

Control

The power to influence or direct behavior and the course of events in a business or organization.