Multiple choice

1. Discount brokers offer investment advice at prices below full service security brokerage houses.

True

False

2. Investment banking firms provide both financing and investment services for borrowers and lenders, respectively.

True

False

3. Venture capital firms compete with commercial banks for new business loans.

True

False

4. The Banking Act of 1933, known as the Glass-Steagall Act, has effectively kept commercial banks out of the commercial lending area. 

True

False