The McFadden Act of 1927
A) effectively prohibited banks from branching across state lines.
B) required that banks maintain bank capital equal to at least 6 percent of their assets.
C) effectively required that banks maintain a correspondent relationship with large money center banks.
D) did all of the above.
A
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James signed an application for a $50,000 life insurance policy and paid the first premium on October 1. The agent issued a conditional receipt. A week later, James took the required medical examination and was found to be insurable. If he dies before the insurer approves the application,
A) the coverage will be retroactively effective, but the policy will only pay $25,000 B) no coverage will be provided C) the coverage will be retroactively effective D) no coverage will be provided, but James's premium will be refunded"
Absolute privilege against a defamation action ________
A) exists in the pressroom of a major newspaper B) is given on the House and Senate floors during congressional debate C) is provided within the confines of one's own private property D) exists at one's place of employment