1) Which of the following is a true statement concerning bank holding companies?
A) Bank holding companies own few large banks.
B) Bank holding companies have experienced dramatic growth in the past three decades.
C) The McFadden Act has prevented bank holding companies from establishing branch banks.
D) Bank holding companies can own only banks.
2) A financial innovation that developed as a result of banks avoidance of bank branching restrictions was ________.
A) money market mutual funds
B) commercial paper
C) junk bonds
D) bank holding companies
3) ATMs were developed because of breakthroughs in technology and as a
A) means of avoiding restrictive branching regulations.
B) means of avoiding paying interest to corporate customers.
C) way of concealing transactions from the SEC.
D) increasing the competition from foreign banks.
4) What financial innovations helped banks to get around the bank branching restrictions of the McFadden Act?