According to the Glass-Steagall Act of 1933:
A) investment banks could accept deposits, which were covered by deposit insurance.
B) commercial banks could set up and trade financial assets, such as stocks and bonds.
C) investment banks could set up and trade financial assets, such as stocks and bonds, but commercial banks could not trade stocks and bonds.
D) there was no difference between commercial banks and investment banks.
Correct Answer:
Verified
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