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After staff meetings lately,Sharon,the head nurse,observes her staff in small groups,having animated discussions that end abruptly when she approaches.Sharon reflects on this observation and realizes that:
Reserve Requirements
The minimum amount of reserves that a bank must hold as mandated by a central bank, affecting the bank's ability to lend.
Glass-Steagall Act
A 1933 law creating a regulatory firewall between commercial and investment banking sectors to prevent financial crises.
Investment Banking
A segment of banking that specializes in providing various financial-related and advisory services to individuals, corporations, and governments in relation to underwriting, capital raising, merger, and acquisition, and other transactions.
Universal Banks
Financial institutions that offer a wide variety of banking services, including both commercial and investment services.
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