FIN 370 CH 8 Exam Questions and
Answers Graded A+
OCC, SEC, FDIC - Correct answer-What entities regulate banks in the U.S.?
Banking Act of 1933 - Correct answer-What legislative act prohibited securities
firms from taking deposits?
Financial Services Modernization Act - Correct answer-What legislative act
allowed banks to affiliate with investment and insurance firms?
McFadden Act - Correct answer-What legislative act limited bank branching?
McFadden Act - Correct answer-What legislative act least likely enhanced check
clearing efficiencies in the U.S.?
Regulation Q of the Banking Act of 1933 - Correct answer-What legislative act
banned the payment of interest on corporate demand deposit account balances?
Credit Services - Correct answer-Which of the following bank services is most
closely related to a bank providing a line of credit to a firm for seasonal liquidity
management?
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
Answers Graded A+
OCC, SEC, FDIC - Correct answer-What entities regulate banks in the U.S.?
Banking Act of 1933 - Correct answer-What legislative act prohibited securities
firms from taking deposits?
Financial Services Modernization Act - Correct answer-What legislative act
allowed banks to affiliate with investment and insurance firms?
McFadden Act - Correct answer-What legislative act limited bank branching?
McFadden Act - Correct answer-What legislative act least likely enhanced check
clearing efficiencies in the U.S.?
Regulation Q of the Banking Act of 1933 - Correct answer-What legislative act
banned the payment of interest on corporate demand deposit account balances?
Credit Services - Correct answer-Which of the following bank services is most
closely related to a bank providing a line of credit to a firm for seasonal liquidity
management?
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1