Investment Banker Question:

What is the Glass-Steagall Act?

Tweet Share WhatsApp

Answer:

The Glass-Steagall Act was a law that separated commercial and investment banks because of the belief that the two businesses created conflicts of interest. Banks were essentially blamed for the Stock Crash of 1929 and the start of the Great Depression.

Download Investment Banker PDF Read All 84 Investment Banker Questions
Previous QuestionNext Question
What is your favorite book?Do you learn more from success or failure?