1933 act of Congress that created a firewall between commercial and investment b

Question

1933 act of Congress that created a firewall between commercial and investment banking activities Unregulated financial institutions Rent, interest, and profit Wages and salaries Historical pattern of instability in capitalist economies Agency established to provide federal insurance for commercial bank deposits Worthless securities backed by subprime mortgages that played a major role in the 2008 financial crisis The Federal Debt Inquiry Commission When U.S government expenditures exceed receipts for any given year Total value of outstanding interest-bearing bonds issued/sold by the U.S. Treasury Macroeconomic impact of setting interest rates by the Federal Reserve Bank Depository Institutions and Monetary Control Act of 1980; 1999 repeal of Glass-Steagall; Commodity Futures Modernization Act of 2000 Macroeconomic impact of government taxation and spending

Explanation / Answer

12./ GLASS-STEAGALL

1./ NATIONAL DEBT J 2./SHADOW BANKING SYSTEM A 3./ EMPLOYEE INCOME D 4./ TOXIC ASSETS G 5./ FINACIAL DEREGULATION B 6./ FISCAL POLICY M 7./ THE BUSINESS CYCLE 8./ MONETARY POLICY 9./ PROPERTY INCOME C 10/ FEDRAL BUDGET DEFICIT I 11./ FDIC H

12./ GLASS-STEAGALL

L

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