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