In the 1960s, banks started __________ in order to maneuver around the Glass-Steagall act
A) opening foreign branches
B) using Section 20 affiliates
C) forming one-bank holding companies
D) dropping Federal Reserve membership
C
You might also like to view...
When gross domestic product (GDP) is adjusted by adding any income earned abroad by U.S. firms or residents which is sent back to the United States and by subtracting any income earned in the United States by non-U.S
corporations or foreign nationals which is sent back to their home countries, it is called A) depreciation. B) international GDP. C) subsidized income. D) gross national product (GNP).
The yield on a thirty-year Treasury bond is 8% at the same time as the yield on two-year Treasury note is 5%. This occurrence
A) indicates that the yield curve is downward sloping. B) is well explained by the segmented markets theory. C) is largely explained by the favorable tax treatment of Treasury notes. D) indicates that the bond market is anticipating that inflation will fall.