Which Law Mandated the Separation of Investment and Commercial Banking

question 29

Multiple Choice

Which law mandated the separation of investment and commercial banking?

• A) Gramm-Leach-Bliley Act
• B) McFadden Act
• C) Glass-Steagall Act
• D) none of the above

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Definitions:

Brian Little

A distinguished research psychologist known for his studies on personality psychology and personal projects.

Commission

An act of committing something, often referring to the act of carrying out certain tasks or duties, or a fee paid to an agent in exchange for conducting a transaction.

Sales Totals

The aggregate amount of sales revenue that a company or individual has generated within a specific time frame.

Motivation

The processes that account for an individual's intensity, direction, and persistence of effort toward attaining a goal.