sidered secondary Equity. Fase 16. TRUE or FALSE: Financial Institutions, in general, use higher leverage than manufacturers. 17. TRUE or FALSE: To understand the risk associated with Off-Balance Sheet Assets & Liabilitie one needs to read and analyze the financial statement footnotes carefully. True 18. Explain why the Glass-Steagall 1933 Act was so important to Financial Institutions: 19. When was the Glass-Steagall 1933 Act repealed: al 2009 b. 1999 1949 20. Net Non-Interest Income (of margin) is expected to be: a. Unimportant to performance positive b. Negative Dan additional income generator 21. Explain the function of or use of the DuPont Method of Analysis: (1979 22. Layers of regulations have been imposed on Financial Institutions over our 200+ year history protect depositors and borrowers against the risk of failure, often referred to as: a. Safety and Soundness Regulation c. Investor Protection Regulation b. Foreign Investment Regulation d. Premium Generation Regulation 23. The difference between the Bid price and the Ask price on securities is referred to as: a. spread b. total loss C. dealer payment d. policy premium