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Explain how information systems implemented in the operational level are different from those implemented at the strategic level.
Glass-Steagall Act
US legislation enacted in 1933 to separate commercial banking from investment banking, aiming to reduce financial market risks.
Underwriting Securities
The process through which investment banks issue new securities to the market, assuming the risk of selling them at a certain price.
Accepting Deposits
A banking activity that involves receiving money from customers for safekeeping or for earning interest, typically in savings or checking accounts.
Systematically Important
Refers to entities or institutions whose failure could trigger a financial crisis, necessitating regulatory oversight to ensure stability.
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