1. With respect to offering investment banking services _______ commercial banks have had the least felxibility until 1999
a. U.S.
b. Japan
c. European
d. None of the above
2. Managers of insolvent thrift institutions were encourages to take excessive risk in the mind 1980s becaose:
a. The FSLIC insurance fund was depleted
b. Their institution could not be close so the managers jobs were safe, temporarily
c. COngress at this time wanted S&L's to be more aggresive in competing with banks
d. both a and b are correct