ABC Insurance Company would like to purchase a bank. For many years, ABC was not permitted under federal law to enter into banking operations

Which of the following legislative acts eliminated the prohibition that prevented banks, insurers, and investment firms from entering into one another's markets?
A) The McCarran-Ferguson Act
B) The Tax Reform Act
C) The Consolidated Omnibus Budget Reconciliation Act
D) The Financial Modernization Act (Gramm-Leach-Bliley Act)


Answer: D

Business

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The purpose of profitability control is to ________

A) examine whether the planned results are being achieved B) examine where the company is making and losing money C) evaluate and improve the spending efficiency and impact of marketing expenditures D) examine whether the company is pursuing its best opportunities with respect to markets, products, and channels E) understand the efficiency of the sales force, advertising, sales promotion, and distribution

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The consumer adoption process consists of five steps that begins with ________ and ends with ________.

A. interest; evaluation B. interest; trial C. awareness; trial D. interest; adoption E. awareness; adoption

Business

Good advice is to not sell a stock simply because it is overvalued

Indicate whether the statement is true or false.

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A fee simple absolute provides the owner with the greatest possible control of the property

Indicate whether the statement is true or false

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