The legislative act that attempted to minimize the risky investment behavior of banks is the Banking Act of 1933. This act introduced the Glass-Steagall provisions, which separated commercial banking from investment banking and aimed to reduce the risks associated with banks engaging in speculative activities.
Which of the following legislative acts attempted to minimize the risky investment behavior of banks?(1 point)
Responses
Financial Services Modernization Act of 1999
Financial Services Modernization Act of 1999
Banking Act of 1935
Banking Act of 1935
Banking Act of 1933
Banking Act of 1933
Home Owners' Loan Act of 1933
1 answer
1 answer