How did the U.S. government make the American public have confidence in the nation's currency in the 1870s?
(A) The government permitted state-chartered banks to issue currency.
(B) The government established the First Bank of the United States.
(C) The government backed the currency with cotton.
(D) The government adopted the gold standard.
Ans: (D) The government adopted the gold standard.
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Which of the following was NOT a result of the passage of the Gramm-Leach-Bliley Act?
A) It repealed the Glass-Steagall Act. B) It allowed commercial banks to participate in securities, insurance, and real estate activities. C) It authorized new financial holding companies which permitted securities and investment firms to own commercial banks. D) It increased the capital requirements for commercial banks.
When pricing is used to limit entry, it is often described as
A) effective. B) predatory. C) exclusive. D) aggressive.