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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 . b . c . d . e .
Bank Holding Company Act McFadden Act Financial Institutions Reform , Recovery , and Enforcement Act Douglas amendment 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 .
a .
True or False
10 .
Which of the underneath is factual about private placement ?
a .
The underwriting function is avoided .
b .
The extremes of high credit quality firms and low or unknown
credit quality firms use private placements .
c .
The terms may be negotiated between the issuer and the investors .