Multiple choice 1-3 1) The merger of investment banks with commercial banks in the United States brought about numerous benefits. Which of the following was not a benefit of this merger: a) Better service to corporate clients by offering a full suite of financial services b) An increase in fee based revenue for commercial banks c) A reduction in risk due to the merging of the two cultures d) Cheaper overall credit for investment banking related services 2) Over the past 30 years, the number of companies offering Defined Benefit plans has decreased significantly. This is mainly due to: a) The risks associated with offering defined benefit plans borne by the employer b) More employees want Defined Contribution plans, since they are spending fewer years at their employer c) Employee participation rates have been historically low d) The high costs of administering the plan 3) Over the past 30 years, the number of companies offering Defined Benefit plans has decreased significantly. This is mainly due to: a) The risks associated with offering defined benefit plans borne by the employer b) More employees want Defined Contribution plans, since they are spending fewer years at their employer c) Employee participation rates have been historically low d) The high costs of administering the plan