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Business, 27.07.2021 01:10 caitlin89

The Banking Act of 1933 accomplished the following: A. Prohibited commercial banks from underwriting or trading (for their own account) stocks, bonds, or other risky securities. The major exceptions were U. S. government securities, general obligation bonds of state and local governments, and bank securities such as CDs. B. Limited the debt securities that commercial banks could purchase for their own account to those approved by bank regulatory authorities. C. Prohibited individuals and firms engaged in investment banking from simultaneously engaging in commercial banking. D. all of the above. E. A and B only.

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The Banking Act of 1933 accomplished the following: A. Prohibited commercial banks from underwriting...

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