FIN 366 EDU Let's Do This /fin366edu.com FIN 366 EDU Let's Do This /fin366edu.com | Page 6

4. Which is the fundamental goal of a commercial bank?
a. long-term growth
b. deposit growth
c. bank safety
d. long-term profit maximization
5.
Under the Glass-Steagall Act commercial banks were allowed
to countersign and trade Federal government securities and general
obligation bonds of states and municipalities.
a.
True or False
6.
All of the underneath are the key services of investment
banking firms except
a. making commercial loans
b. bringing new security issues to market
c. trading securities
d. brokerage