DIS 4.4

overturned the section of the Banking Act of 1933 that prohibited commercial banks from selling insurance or performing the functions of investment banks. O The Sarbanes-Oxley Act of 2002 O The Securities and Exchange Act of 1934 O The Financial Services Modernization Act of 1999 O The Securities Act of 1933

In the US banking history, that separated the operations of commercial banks and those of investment bank is repealed by a. Sabox b. the Glass Steagll Act  c. Dodd-Frank Act  d. the Gramm-Leach-Bliley Act  e. Consumer Financial Protection Bureau         c       a       b       e       d

Which of the following regulatory events in the 20th century potentially influenced the financial sector? Passing of the Glass-Steagall Act Establishment of the Securities and Exchange Commission (SEC) Establishment of the Federal Reserve Banking System Repeal of the Glass-Steagall Act Securities Investor Protection Act passed

Only one statement is 100% correct. Which one? → A. State agencies charter and regulate national banks. B. The Federal Deposit Insurance Corporation (FDIC) is the oldest U.S. commercial bank regulators. < C. The Federal Reserve System (FRS) has regulatory power over nationally chartered banks and their holding companies and state banks that opt in to the FRS. < D. The Office of the Comptroller of the Currency (OCC) charters and regulates state banks.

Which of the following permitted banks the ability to sell insurance? O The Sarbanes-Oxley Act The Glass-Steagall Act O The Financial Services Modernization Act O The Financial Reform Act of 2010

5. The balance sheet of the central government account shows the following balances as at the end of the year 31/12/2019 Assets Cash at Bank Advances: Staff Department and Agencies Loans: NGO's Public Corporations. Companies Investment: General Stocks and shares International Agencies Liabilities Loans: Domestic Foreign Trust Funds and Deposits Other Liabilities General Revenue Revenue GHC 000 Tax Revenue (690) 6,325 4,186 48 8,846 6,248 714 5,293 4.786 35,756 During the year 2020, the government financial business and transactions undertaken by the departments were summarized; GHC 5,922 13,854 11,980 2,077 1.923 35,756 Property Excise Duties Petroleum Tax Other taxes on domestic goods Import Duties Export(Cocoa) Value Added Tax (VAT) Personal taxes (PAYE) Personal taxes (Self Employed) Reconstruction Levy Fees and Charges Sales of goods and services. Rent Interest and Profit Dividend Company taxes Revenue Grant Advances-Recovery Trust Funds: Deposits-Receipts Expenditure Personal…

Which of the following is an accurate description of a dual banking system? Government protection from losses may occur if a bank becomes insolvent or fails. There exists a system in which bank charters are granted by both the government and private licensing organizations. The government grants charters to banks. Government permission is needed to establish and operate a depository institution. Which of the following most accurately explains why the bank chartering system of the United States is known as the reason for a dual banking system? Society cannot allow just anyone to open a bank because banks have a lot of proprietary information. The government grants charters to banks. There exists a system in which bank charters are granted by both the government and private licensing organizations. Banks do not disclose to whom they have made loans and for how much.  

17. Which of the following is not an asset of a bank?a.business depositsb.consumer loansc.deposits in other banksd.government securitiese.All of the above are bank assets. 18. Unlike the United States, many countries grant their banks the authority fora.full merchant banking, including investment banking and ownership of companies to whichthey lend.b.deposit banking.c.forming bank holding companies.d.lending to foreign companies and countries.

Interstate banking regulations presently allow commercial banks to acquire other banks in their region of the country, but not to expand across the nation.    Group of answer choices: True False

In the US history, that separated the operations of commercial banks and those of investment bank is       Sarbox     Dodd-Frank Bill     The Glass Steagall Act     the Gramm-Leach-Bliley Act

Holdings of government bonds are classified on a bank's balance sheet as Group of answer choices assets, because investing in government bonds represents a use of funds for investment. liabilities, because the bank must borrow in order to be able to invest in the government bonds. assets, because the markets for government bonds are the most liquid in the world. liabilities, because the government bonds must be pledged as collateral against borrowing.

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(0)     What is true regarding the commercial banks that are a part of the Federal Reserve System? (Select one of the options) They have the same rights with respect to district feds as any shareholders do They receive payments in the form of dividends from the district Feds Their deposits are insured by the government They can influence the monetary policy inside the district where they operate

Discuss • What is financial market regulations?• How banks and non-banking financial institutions are regulated?• What is the purpose of financial regulation?• Select 1 country’s Banking Act or Financial Institutions Act in the caribbean): Provide an overview of the Act.Briefly state the purpose of the Act. Identify 3 core areas or aspects covered in the Act. Name the institution responsible for monitoring and implementing the Act you identified above and provide an overview of that institution