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1. Of the business activities listed here, which activities can be conducted thr

ID: 2820650 • Letter: 1

Question

1. Of the business activities listed here, which activities can be conducted through U.S.-regulated holding companies today?

a. Data processing companies

b. Office furniture sales

c. Auto and truck leasing companies

d. General life insurance and property-casualty insurance sales

e. Savings and loan associations

f. Mortgage companies

g. General insurance underwriting activities

h. Professional advertising services

i. Underwriting of new common stock issues by nonfinancial corporations

j. Real estate development companies

k. Merchant banks

l. Hedge funds

Explanation / Answer

The activities that can be conducted through U.S.-regulated holding companies today are as follows :-

a. Data processing companies

b. Auto and truck leasing companies

c. General life insurance and property-casualty insurance sales

d. Savings and loan associations

e. Mortgage companies

f. General insurance underwriting activities

g. Underwriting of new common stock issues by nonfinancial corporations

h. Merchant banks

l. Hedge funds

Only the three activities are not conducted that are :-

Office furniture sales ,  Real estate development companies ,  Professional advertising services