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d.

long-term profit maximization

5.
Under the Glass-Steagall Act commercial banks were allowed
to countersign and trade Federal government securities and general
obligation bonds of states and municipalities.
a.

True or False

6.
All of the underneath are the key services of investment
banking firms except
a.

making commercial loans

b.

bringing new security issues to market

c.

trading securities

d.

brokerage

7.
Which of the underneath legislations permitted banks and
thrifts to develop geographically across state lines by obtaining the
benefits of unsuccessful thrifts?
a.

Bank Holding Company Act

b.

McFadden Act

c.

Financial Institutions Reform, Recovery, and Enforcement Act

d.

Douglas amendment

e.

Glass-Steagall Act

8.
Savings deposits are a superior percent of financial support for
small banks, compared to large banks.
a.

True or False

9.

Social Security is a completely funded pension program.