Which Act Set a Limit to Prevent a Bank from Merging

question 27

Multiple Choice

Which act set a limit to prevent a bank from merging with others if it would increase its liabilities to more than 10 percent of national bank liabilities?

• A)The Gramm-Leach-Bliley Act
• B)The Community Reinvestment Act
• C)The Dodd-Frank Act
• D)The Interstate Banking and Branching Efficiency Act

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Definitions:

Managers

Individuals responsible for planning, directing, and overseeing the operations and fiscal health of a business unit or department.

Balanced Scorecard

A management and planning system designed to align an organization’s activities with its vision and strategy, enhance communication within and outside the organization, and track the organization's performance in comparison to its strategic objectives.

Performance Measure

Metrics or indicators used to assess and quantify the efficiency, effectiveness, and performance of an organization or individual.

Improvement

The process of making something better or increasing its value, often referring to property or performance enhancements.