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.
Commercial and investment banking practices are strictly separated by law.
Commercial and investment banking practices are strictly separated by law.
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.
Depositor funds are insured against potential loss in the event of a bank failure.
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The correct response regarding a result of the Banking Act of 1935 is:
Depositor funds are insured against potential loss in the event of a bank failure.
The Banking Act of 1935 established the Federal Deposit Insurance Corporation (FDIC), which provides insurance for depositors' accounts in case of bank failures.
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