Question
Which of the following is a result of the Banking Act of 1935?(1 point)
Responses
Commercial and investment banking practices are strictly separated by law.
Depositor funds are insured against potential loss in the event of a bank failure.
The United States dollar can be exchanged for a fixed quantity of gold.
Banks are required to keep the full amount of every deposit made in their vaults.
Responses
Commercial and investment banking practices are strictly separated by law.
Depositor funds are insured against potential loss in the event of a bank failure.
The United States dollar can be exchanged for a fixed quantity of gold.
Banks are required to keep the full amount of every deposit made in their vaults.
Answers
GPT 3.5
Depositor funds are insured against potential loss in the event of a bank failure.