44.In the United States,the prohibited commercial banks from engaging in most underwriting activities. (a)Investment Bank Act of 1909 (b)SEC Act (c)Glass Steagall Act of 1933 (d)Commercial Bank Act of 1952 Answer:(c) 45.Rules for trading securities serve the function of (a)recognizing when government inaction is the best choice (b)standardizing procedures to keep transaction costs low (c)presenting financial information in a standardized format (d)establishing arbitrary rules to ensure the maximum revenue from transaction fees Answer:(b) 46.In Germany,the central bank is called the (a)Riksbank (b)Bundesbank (c)Bank of Germany (d)Exchequer Answer:(b) 47.For the period 1926-2003,which of the following asset classes provided the highest average rate of return? (a)Long-term U.S.Treasury bonds (b)U.S.T-bills (c)Inflation (d)Small stock Answer:(d) 2-122-12 44. In the United States, the ________ prohibited commercial banks from engaging in most underwriting activities. (a) Investment Bank Act of 1909 (b) SEC Act (c) Glass Steagall Act of 1933 (d) Commercial Bank Act of 1952 Answer: (c) 45. Rules for trading securities serve the function of ________. (a) recognizing when government inaction is the best choice (b) standardizing procedures to keep transaction costs low (c) presenting financial information in a standardized format (d) establishing arbitrary rules to ensure the maximum revenue from transaction fees Answer: (b) 46. In Germany, the central bank is called the ________. (a) Riksbank (b) Bundesbank (c) Bank of Germany (d) Exchequer Answer: (b) 47. For the period 1926-2003, which of the following asset classes provided the highest average rate of return? (a) Long-term U.S. Treasury bonds (b) U.S. T-bills (c) Inflation (d) Small stock Answer: (d)