The law that prohibited banks from engaging in investment banking was the
A. Gramm-Leach-Bliley Act.
B. Glass-Steagall Act.
C. McFadden Act.
D. Garn-St. Germain Act.
Answer: B
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Indicate whether the statement is true or false
161. On July 1 of the current calendar year, Olive Co. paid $7,500 cash for management services to be performed over a two-year period beginning July 1. Olive follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31 of the current year for Olive would include:
A. A credit to a liability and a debit to a prepaid expense for $1,875. B. A debit to a prepaid expense and a credit to Cash for $5,625. C. A debit to a prepaid expense and a credit to an expense for $1,875. D. A debit to an expense and a credit to a prepaid expense for $1,875. E. A debit to an expense and a credit to a prepaid expense for $5,625.
Mark's Markers, a manufacturer of white board markers, has required its dealers to charge a specified retail price for its markers. Mark's is most likely guilty of ________
A) captive pricing B) retail price maintenance C) price discrimination D) competitive pricing E) unfair price skimming
________ is the process of developing new core products or services, augmenting them to construct market offerings, and bringing them to market
a. New offering realization b. Market-oriented development c. Aggregate project planning d. Incentive to change