The Glass-Steagall Act of 1933 Prevented

question 41

Multiple Choice

The Glass-Steagall Act of 1933 prevented

• A)any firm that accepts deposits from underwriting stocks and bonds of corporations.
• B)any firm that accepts deposits from underwriting general obligation bonds of states and municipalities.
• C)any firm that accepts deposits from holding any corporate bonds in its asset portfolio.
• D)state-chartered banks from offering commercial loans.

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Definitions:

Will Meaning

Denotes the mental faculty by which one deliberately chooses or decides upon a course of action.

Drive Succeed

The inner motivation or desire to achieve success in one's endeavors or pursuits.

Defer Gratification

The process of resisting the temptation of an immediate reward in preference for a later reward.

Inhibit Impulse

The psychological mechanism through which an individual restrains or controls their instincts or desires.