Multiple Choice
How could insurance companies get around the restrictive provisions imposed by the bank holding company act of 1956?
A) Through the organizational mechanism of establishing nonbank bank subsidiaries.
B) By opening federally chartered thrifts.
C) By offering credit-related life, accident, health, or unemployment loans.
D) By buying a full-service bank and then divesting its demand deposits or commercial loans.
E) Through the organizational mechanism of establishing nonbank bank subsidiaries and by buying a full-service bank and then divesting its demand deposits or commercial loans.
Correct Answer:

Verified
Correct Answer:
Verified
Q130: Research on bank mergers for the decade
Q131: In recent years, commercial banks have attempted
Q132: The Financial Services Modernization Act of 1999
Q133: Concern about the improper transfer of inside
Q134: In late 2015, shadow banking activities came
Q136: Despite a sovereign debt problem that plagued
Q137: The first state in the U.S.to allow
Q138: This legislation explicitly stated that banking and
Q139: The following statements regarding the financial crisis
Q140: A foreign bank subsidiary in the U.S.is