The legislative act that attempted to minimize the risky investment behavior of banks is the Banking Act of 1933, commonly known as the Glass-Steagall Act. This act established barriers between commercial banking and securities businesses to reduce the risks associated with bank investments. The other options listed either do not specifically address risky investment behaviors or have different purposes.
Which of the following legislative acts attempted to minimize the risky investment behavior of banks?(1 point)
Responses
Banking Act of 1935
Banking Act of 1935
Banking Act of 1933
Banking Act of 1933
Home Owners' Loan Act of 1933
Home Owners' Loan Act of 1933
Financial Services Modernization Act of 1999
1 answer
1 answer