Multiple Choice
Which of the following is false?
A) Banking is less regulated today than it was after the Great Depression.
B) The Glass-Steagall Act of 1933 that was enacted in response to the financial collapse in the Great Depression established interest rate ceilings that banks could charge for loans, separated investment and commercial banking, and created the FDIC.
C) Banks in the United States are chartered by either the federal government or one of the 50 state governments.
D) Federally chartered banks are called national banks and must belong to the Fed and subscribe to FDIC deposit insurance.
Correct Answer:
Verified
Correct Answer:
Verified
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