The Banking Act of 1933

Multiple Choice

The Banking Act of 1933

A) allowed banks to hold any assets,without the need for approval by the Fed
B) allowed banks to hold any assets,subject to approval by the Fed
C) allowed banks to hold U.S.government securities,subject to approval by the Fed
D) forbade banks from buying corporate stocks and bonds,in order to put a ceiling on bank profits
E) forbade banks from buying corporate stocks and bonds,in order to minimize bank risk