The Glass-Steagall Act prevented commercial banks from
A) opening branches in other states unless the bank is part of a bank holding company.
B) getting into investment banking.
C) selling shares in themselves in the open market.
D) issuing commercial paper.
B
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Between 1810 and 1860, the value of slaves in the United States
a. nearly doubled. b. tripled. c. increased nearly fourfold. d. increased nearly tenfold.
Advocates of stabilization policy prefer quick medicine for economic ills. This leads some observers to favor fiscal policy while others endorse monetary policy. Describe the positions of each side in the debate and what seems to be the current consensus
Keynes focused on problems of
A. hyperinflation. B. budget deficits. C. trade deficits. D. unemployment and inflation.
The Romer and Romer 2010 paper in the American Economic Review identified the major motivations for most significant legislated tax changes to be the following, except:
A. Adjustments made to match changes in government spending B. Offsetting the monetary policy pursued by the Federal Reserve C. Addressing an inherited budget deficit D. Promoting long-run economic growth