1.

Which of the following acts required the separation of commercial banks and securities firms?

Select one:

a.

The Glass-Steagall Act

b.

The Riegle-Neal Act

c.

The Gramm-Leach-Bliley Act

d.

The McFadden Act

2.

Which of the following is characteristic of "regulatory shopping?"

I. Allowing banks to have undue influence in determining their regulators

II. Allowing banks to make independent regulations for lending activities

III. Allowing banks to avoid meeting legal reserve requirements

Select one:

a.

I only

b.

I and II only

c.

I and III only

d.

I, II, and III

3.

Which of the following are considered to be U.S. depository intermediaries?

I. Commercial banks

II. Savings associations

III. Credit ratings agencies

Select one:

a.

I only

b.

I and II only

c.

I and III only

d.

I, II, and III

4.

At the time the Dodd-Frank Act first proposed new requirements for systemically important financial institutions (SIFI):

Select one:

a.

All of the nation's major banks were adequately capitalized

b.

A number of the nation's major banks were under-capitalized

c.

There was no way to determine the capitalization of the nation's major banks

d.

Capitalization requirements are not addressed by the Dodd-Frank Act

5.

Which of the following statements is true concerning U.S. banking regulation?

Select one:

a.

Banking regulation seeks to limit the profitability of banks

b.

Banking regulation is only applied to the largest banks

c.

Banking regulation seriously undermines competition among banks

d.

None of these answers are correct