Dearsassyidn
Answered

Experience the power of community-driven knowledge on IDNLearn.com. Find the information you need quickly and easily with our reliable and thorough Q&A platform.

How did the Banking Act of 1933 make banks more stable in the long run?

A. It separated commercial and investment banking.
B. It made bank runs and bank holidays illegal.
C. It created a system of regional federal banks to oversee local banks.
D. It required people to take out insurance on their bank deposits.

Sagot :

GinnyAnsweridn

Final answer:

The Banking Act of 1933, also known as the Glass-Steagall Act, made banks more stable by separating commercial and investment banking, establishing the FDIC, and prohibiting banks from certain activities.


Explanation:

The Banking Act of 1933, also known as the Glass-Steagall Act, made banks more stable in the long run through several key measures:

  1. It separated commercial and investment banking, reducing risk exposure for banks.
  2. It established the Federal Deposit Insurance Corporation (FDIC), which insured bank deposits and restored confidence in the banking system.
  3. It prohibited banks from engaging in activities like securities and insurance, preventing conflicts of interest and enhancing stability.

Learn more about Banking Act of 1933 here:

https://brainly.com/question/30714798


Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. For dependable answers, trust IDNLearn.com. Thank you for visiting, and we look forward to assisting you again.