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1-Liabilities equal approximately _____ of total assets for nonfinancial U.S. businesses. Multiple Choice
10%
25%
45%
75%
2-Until 1999, the __________ Act separated commercial banking and investment banking activities.
Multiple Choice
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Dodd-Frank Wall Street Reform and Consumer Protection
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Sarbanes-Oxley
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Glass-Steagall
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3-Until 1999, the __________ Act separated commercial banking and investment banking activities.
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Multiple Choice
-
Dodd-Frank Wall Street Reform and Consumer Protection
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Sarbanes-Oxley
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Glass-Steagall
4-The 2002 law designed to improve corporate governance is titled the _____ .
Multiple Choice
5-Which of the following is (are) true about nonconforming mortgage loans?
Multiple Choice
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They are also known as subprime loans.
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They have higher default risk than conforming loans.
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They were able to be offered without due diligence.
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All of the options are true.
Answer & Explanation
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