Which Act Allowed the Establishment of Full-Service Financial Institutions in the United

question 50

Multiple Choice

Which act allowed the establishment of full-service financial institutions in the United States?

• A)Riegle-Neal Act
• B)Financial Services Modernization Act
• C)USA Patriot Act
• D)Foreign Bank Supervision Enhancement Act
• E)Foreign Banking Activity Powers Enforcement Act

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Definitions:

Dependency

A situation or condition where one entity relies on another for support, resources, or survival.

Experimentation

The process of conducting trials to explore and evaluate new ideas, procedures, or products, often used in research and development.

Closed Systems Theory

An approach in organizational theory that views organizations as systems that are self-contained and do not interact with the outside environment.

Funding

The act of providing financial resources, typically in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or government.