Examlex
Use a sum or difference identity to find the exact value.
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Glass-Steagall Act
A U.S. law enacted in 1933, designed to prevent commercial banks from engaging in investment banking, thereby protecting depositor funds from risky market investments.
Investment Banking
The sale of stocks and bonds for corporations.
Discount Rate
The interest rate charged to commercial banks and other financial institutions for loans received from the central bank.
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