a. b. c. d. e.
Technology risk Operational efficiency Agency conflicts Diseconomies of scale Diseconomies of scope 4. Which is the fundamental goal of a commercial bank? a. b. c. d. long-term growth deposit growth bank safety 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. b. c. d. making commercial loans bringing new security issues to market trading securities brokerage