The Glass-Steagall Act prevented commercial banks from
A) opening branches in other states unless the bank is part of a bank holding company.
B) getting into investment banking.
C) selling shares in themselves in the open market.
D) issuing commercial paper.
B
You might also like to view...
The deposit multiplier is given by the formula
A) change in checkable deposits ÷ change in required reserves. B) change in checkable deposits ÷ change in reserves. C) change in excess reserves ÷ change in checkable deposits. D) change in legal reserves ÷ change in excess reserves.
A productivity improvement will cause
A. a downward shift in the saving-per-worker curve and a decrease in the capital-labor ratio. B. a leftward movement along the saving-per-worker curve and a decrease in the capital-labor ratio. C. a rightward movement along the saving-per-worker curve and an increase in the capital-labor ratio. D. an upward shift in the saving-per-worker curve and an increase in the capital-labor ratio.