Which of the following is true of the GarnSt.Germain Act?
A) It allows thrifts to invest up to 10 percent of portfolios in riskier assets such as stocks and real estate.
B) It creates the system of national banks to be chartered by the Comptroller of the currency.
C) It creates the Federal Reserve system and gives it the responsibility as the lender of last resort.
D) It prohibits commercial banks from investment banking activities.
Correct Answer:
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