The Glass-Steagall Act Was Designed to

question 18

Multiple Choice

The Glass-Steagall Act was designed to

• A) legally separate investment banking from commercial banking.
• B) promote mergers in the banking industry.
• C) impose high capital ratios on investment banks.
• D) promote the interests of community banks.

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Definitions:

Grassroots Interest Groups

Organizations that form from the bottom up to advocate for specific causes, relying heavily on community member participation.

Homeless

Individuals who lack fixed, regular, and adequate nighttime residence, representing a condition of lacking stable housing.

Interest Group Pluralism

The theory that political power is distributed among a wide array of diverse and competing interest groups.

Class Bias

A prejudice or discrimination based on social class or perceived socioeconomic status.