A City of Denver general obligation bond to pay for street repairs. A City of El Paso general obligation bond to pay for a new city jail. E. A State of Illinois bond to finance road repairs. D. the United Kingdom. The Glass-Stegall Act c. U.S. banks have no desire to become universal banks.
Universal banks have less risk diversification capabilities than traditional U.S. based banks.
C. pay interest rates slightly above CDs issued by U.S. banks. D. sovereign risk. Removal of interest rate ceilings on deposits has caused net interest margins to increase. The Tax Reform Act of 1986 eliminated the benefits of bundling products together. E. Bank customers often selectively purchase single products from different banks.