The Glass-Steagall Act passed by Congress in 1933

A) regulated the glass industry

B) created the Federal Reserve System

C) prohibited commercial banks from underwriting stocks and bonds

D) requires banks to purchase stocks

Question

History

Danica Fritz

21 April, 19:42

The Glass-Steagall Act passed by Congress in 1933

A) regulated the glass industry

B) created the Federal Reserve System

C) prohibited commercial banks from underwriting stocks and bonds

D) requires banks to purchase stocks

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Answers (1)

Know the Answer?

Roman Mason · Answer 1

The right answer for the question that is being asked and shown above is that: "C) prohibited commercial banks from underwriting stocks and bonds." The Glass-Steagall Act passed by Congress in 1933 C) prohibited commercial banks from underwriting stocks and bonds

The Glass-Steagall Act passed by Congress in 1933A) regulated the glass industryB) created the Federal Reserve SystemC) prohibited commercial banks from underwriting stocks and bondsD) requires banks to purchase stocks

The Glass-Steagall Act passed by Congress in 1933

A) regulated the glass industry

B) created the Federal Reserve System

C) prohibited commercial banks from underwriting stocks and bonds

D) requires banks to purchase stocks