The following is the financial legislation that separated operation of Banking from the Securities Industry: Depository Institutions Act of 1982 O Banking Act (Glass-Steagall Act) of 1933 O The Financial Modernization Act (Gramm-Leach-Bliley Act) of 1999. Securities Exchange Act of 1934

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter17: Financial Markets
Section: Chapter Questions
Problem 19RQ: Why are banks called financial intermediaries?
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The following is the financial legislation that separated operation of Banking from
the Securities Industry:
Depository Institutions Act of 1982
O Banking Act (Glass-Steagall Act) of 1933
O The Financial Modernization Act (Gramm-Leach-Bliley Act) of 1999.
Securities Exchange Act of 1934
Transcribed Image Text:The following is the financial legislation that separated operation of Banking from the Securities Industry: Depository Institutions Act of 1982 O Banking Act (Glass-Steagall Act) of 1933 O The Financial Modernization Act (Gramm-Leach-Bliley Act) of 1999. Securities Exchange Act of 1934
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