Recent Regulation Such as the Riegle-Neal Act of 1994 Has

question 3

Multiple Choice

Recent regulation such as the Riegle-Neal Act of 1994 has removed some of the federal banking laws that formerly constrained profitable opportunities for commercial banks. The Riegle-Neal Act removes the major restrictions on banks' ability to ________.

• A)diversify geographically
• B)diversify their product line
• C)engage in securities underwriting
• D)engage in insurance underwriting
• E)engage in loan brokerage

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Definitions:

Solve

To find an answer or solution to a problem or equation.

Accurate

Free from errors or discrepancies; precise and correct in all details.

Percent

A fraction or ratio expressed as a part of 100.

Increased By

A term indicating that a specific value has been added to an original amount, resulting in a larger sum.