Multiple Choice
The Glass-Steagall Act
A) was created in 1933 to divide commercial banking from investment banking.
B) allowed banks to become more diverse in the investments they were allowed to make.
C) made U.S.banks similar to the "universal banks" of continental Europe.
D) created conflicts of interest between commercial banks and investment banks.
Correct Answer:
Verified
Correct Answer:
Verified
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