Among the restrictions that were placed on banks by the 1933 and 1935 Banking Acts are.
A) restrictions on pricing of deposits
B) restrictions on entry and expansion
C) restrictions on scope and nature of activities, especially limitations on securities power
D) a, b, and c.

Question

Quizplus · Accepted Answer

The 1933 and 1935 Banking Acts, particularly the Glass-Steagall Act of 1933, placed several restrictions on banks, including limitations on the interest rates they could offer on deposits (restrictions on pricing of deposits), constraints on bank mergers and expansions (restrictions on entry and expansion), and prohibitions on banks engaging in certain activities, such as securities trading (restrictions on scope and nature of activities, especially limitations on securities power).

Among the Restrictions That Were Placed on Banks by the 1933