Why Was the Glass-Steagall Act a Key Piece of Legislation

question 27

Multiple Choice

Why was the Glass-Steagall Act a key piece of legislation?

• A) It took on the debt of commercial banks to ensure their solvency and financial health.
• B) It established a gold standard to shore up the strength of the American dollar.
• C) It banned commercial banks from involvement in buying and selling stocks, and set up the FDIC.
• D) It proved to be a temporary financial measure that did not survive beyond the Great Depression.

---

Definitions:

ATG

A codon in genetics that signals the start of a protein-coding sequence in DNA or RNA.

CGT

Cell and Gene Therapy, a field of medicine that aims to treat, prevent, or cure diseases by modifying gene expression or biological properties of living cells.

AUG

The codon in mRNA that signals the start of protein synthesis, translating as the amino acid methionine in eukaryotes and as formylmethionine in prokaryotes.

tRNA

Transfer RNA, a type of RNA molecule that helps decode a messenger RNA sequence into a protein.