Elyon holds a savings account in the Rochester City Bank in the United States. During an economic downturn, the bank suffers great losses. Elyon, however, is insured under the Federal Deposit Insurance Corporation and his savings are protected as the insurance covers his deposit value. Which of the following laws ensured the protection of depositors from a bank's failure?
A) The Sarbanes-Oxley Act
B) The Glass-Steagall Act
C) The Gramm-Bliley-Leach Act
D) The Securities Act
Correct Answer:
Verified
Q50: _ overturned the section of the Banking
Q51: Grenville Osborn Corp., a commercial bank in
Q52: A wave of bank failures occurred in
Q53: The Federal Reserve System was:
A) given the
Q54: The difference between the prices at which
Q56: Reese buys securities in a pharmaceutical company
Q57: According to critics, the Glass-Steagall Act:
A) encouraged
Q58: Danner City Bank, a commercial bank in
Q59: The Securities Exchange Act of 1934 required
Q60: The banking panic of 1907 in the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents