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• C) When Glass-Steagal was repealed in 1999, commercial banks and Investment banks had to be separate entities.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:

'Least-preferred co-worker'

A concept used in Fiedler's contingency theory to gauge a leader's task or relationship orientation based on their description of a difficult co-worker.

Play-oriented

An approach or attitude focusing on play and enjoyment, often in the context of learning or creative activities.

Group-centred

Focused on or revolving around the interests and needs of the group as a whole.

Laissez-faire

A policy or attitude of letting things take their own course, without interfering, often referred to in economics to describe a free-market system with minimal government intervention.