Which of the following is a result of the Banking Act of 1935?(1 point)
Responses
a Commercial and investment banking practices are strictly separated by law.
b The United States dollar can be exchanged for a fixed quantity of gold.
c Depositor funds are insured for up to $250,000 against potential loss in the event of a bank failure.
d Banks are required to keep the full amount of every deposit made in their vaults.
1 answer
c Depositor funds are insured for up to $250,000 against potential loss in the event of a bank failure.