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Which of the following is a lasting impact resulting from 20th-century banking reforms in the United States? Depositor funds are insured against potential loss
Which of the following is a lasting impact resulting from 20th-century banking reforms in the United States? Depositor funds are insured against potential loss in the event of a bank failure. The United States dollar can be exchanged for a fixed quantity of gold. Banks are required to keep the full amount of every deposit made in their vaults. Commercial and investment banking practices are strictly separated by law.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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