The _______________________ established the U.S. central banking system and increased the effectiveness of commercial banking in general.

a. Glass Steagall Act
b. National Banking Act
c. Garn-Saint Germain Act
d. Federal Reserve Act

Ans: d. Federal Reserve Act

Business

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________ are considered less risky and are usually discounted less than ________

A) Letters of credit; bills of exchange B) Trade acceptances; bills of lading C) Banker's acceptances; trade acceptances D) Bills of exchange; banker's acceptances

Business

Which of the following is NOT a function of a financial analyst?

a. Providing buy recommendations on a company's stock b. Providing sell recommendations on a company's stock c. Generating forecasts of company earnings d. Serving as an investment banker for a company for which the analyst is providing research coverage

Business