The Glass-Steagall Act of 1933

question 43

Multiple Choice

The Glass-Steagall Act of 1933:

• A) encouraged the creation of large,interconnected financial services firms.
• B) was a primary cause of the 2007-2008 financial crisis and subsequent recession.
• C) created banks "too big to fail" and "too big to jail."
• D) separated high-risk and low-risk financial activities across different firms.

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Definitions:

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Situation

A set of circumstances or a scenario in which one finds oneself; a state of affairs.

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The act of convincing someone to do or believe something through reasoning or argumentation.

Audience

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