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Chapter 10: Banking Industry: Structure...
Multiple Choice Quiz

1 .       The first U.S. central bank was created in: 



2 .       To correct for the abuses of state banks, the National Bank Act of 1863 created: 



3 .       Currently, banks are regulated by all of the following except: 



4 .       Which of the following is not an advantage of a bank holding company? 



5 .       The 1994 Riegle-Neal Interstate Banking and Branching Efficiency Act: 



6 .       Which of the following was not a feature of the Glass-Steagall Act of 1933? 



7 .       The Gramm-Leach-Bliley Financial Services Modernization Act of 1999 



8 .       Savings and loans are not supervised by: 



9 .       Money market mutual funds: 



10 .       A reason for the decline in the profitability of traditional banking is: 



11 .       The ________ number of banks in the United States indicates that past regulation of banking fostered ________ competition among banks. 



12 .       Which financial institution is typically quite small and serves members who share some common bond? 



13 .       What do economists expect to be a result of the passage of the Riegle-Neal and Gramm-Leach-Bliley Acts? 



14 .       Improvements in information technology during the past few decades  



15 .       Which of the following is NOT an advantage of Electronic Banking? 



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