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Which of the Following Is True of the Garn­St

Question 53

Multiple Choice

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.

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