Bank Management & Financial Services 9th Ed Rose Test Bank

82. The Federal Reserve buys Treasury Bills in the open market. This will tend to: A. decrease the price of treasury bills. B. increase the available for use funds with banks and dealers involved in the transaction. C. cause reserves held at the Federal Reserve to decrease. D. cause a decrease in the growth of deposits and loans. E. All of the options are correct. 83. Which federal banking act extends deposit insurance coverage on qualified retirement accounts from $100,000 to $250,000 and authorizes the FDIC to periodically increase deposit insurance coverage to keep up with inflation? A. The Sarbanes-Oxley Act B. The Gramm-Leach-Bliley Act C. The Check 21 Act D. The Fair and Accurate Credit Transactions Act E. The Federal Deposit Insurance Reform Act 84. The Financial Services Regulatory Relief Act of 2006: A. adds selected new service powers to depository institutions. B. loosens regulations on depository institutions. C. grants the Federal Reserve authority to pay interest on depository institutions' legal reserves. D. All of the options are correct. E. None of the options are correct. 85. The Emergency Economic Stabilization Act passed in 2008 during the global credit crisis, allowed for: A. an emergency sale of "bad assets". B. a temporary increase of FDIC deposit insurance to $250,000 for all deposits. C. injections of capital by the government into banks and other qualified lenders. D. a closer surveillance of the mortgage market participants, such as brokers and lenders. E. All of the options are correct. 86. As per the National Currency and Bank Acts, the comptroller of currency ensures that every national bank is examined by a team of federal examiners at least: A. twice in a year. B. once in 3 months. C. once every 12 to 18 months. D. once every 9 to 12 months. E. once in a month. 87. _____ requires corporations controlling two or more banks to register with the Federal Reserve Board and seek approval for any new business acquisitions. A. The Glass-Steagall Act B. The Federal Deposit Insurance Corporation Improvement Act C. The National Bank Act D. The Riegle-Neal Interstate Banking and Branching Efficiency Act E. The Bank Holding Company Act 88. _____ allows European and foreign banks greater freedom to cross national borders. A. The European Monetary Union B. The European Council C. The Sarbanes-Oxley Act D. The Garn-St Germain Depository Institutions Act E. The Gramm-Leach-Bliley Act 89. Which of the following acts created a Financial Stability Oversight Council to dampen systemic risk? A. The Dodd-Frank Regulatory Reform Act B. The Sarbanes-Oxley Act C. The Garn-St Germain Depository Institutions Act D. The Gramm-Leach-Bliley Act E. The Financial Institutions Reform, Recovery and Enforcement Act 90. Which of the following created the Truth in Savings Act? A. The FDIC Improvement Act B. The International Banking Act C. The Sarbanes-Oxley Act D. The Gramm-Leach-Bliley Act E. The Financial Institutions Reform, Recovery and Enforcement Act