Historically, What Has Prevented Universal Banks from Operating in the United

question 11

Multiple Choice

Historically, what has prevented universal banks from operating in the United States?

• A)The Universal Bank Prohibition Act
• B)The Glass-Stegall Act
• C)U.S.banks have no desire to become universal banks.
• D)Universal banks have less risk diversification capabilities than traditional U.S.based banks.
• E)a.and c.only

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Definitions:

Pharmaceutical Companies

Pharmaceutical companies are businesses involved in the research, development, production, and marketing of medications and drugs for the diagnosis, treatment, and prevention of diseases.

Lay Groups

Non-expert groups or communities engaged in activities or discourse on specific subjects, often without professional training.

Universal Moral Laws

Principles that are considered to apply universally and are fundamental to ethical decision-making across different cultures and situations.

Deviant

An individual or behavior that deviates from societal norms, often viewed negatively.