Which of the Following Act Is Responsible for Rolling Back

question 38

Multiple Choice

Which of the following act is responsible for rolling back many of the rules against commercial banks offering investment banking activities?

• A) The Securities Act of 1933.
• B) The Securities Exchange Act of 1934.
• C) The Glass-Steagall Act of 1933.
• D) The Financial Services Modernization Act of 1999.

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Definitions:

Hierarchy of Authority

A system within organizations where power and responsibilities are graded from the top (most authority) to the bottom (least authority).

Centralization

The process or practice of concentrating authority and decision-making in a central location or group within an organization.

Shared Decision-making

A collaborative approach where all members contribute to the decision process.

Decentralized

Pertains to the distribution of functions, powers, people, or things away from a central location or authority, often to achieve a more distributed and participative decision-making process.