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10. The Glass-Steagall Act sought to: A. end deposit insurance for commercial banks. B. bring bank holding companies under regulation of the Federal Reserve. C.

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10. The Glass-Steagall Act sought to: A. end deposit insurance for commercial banks. B. bring bank holding companies under regulation of the Federal Reserve. C. impose a rigid separation between commercial banking and investment banking. D. deal with the crisis among savings and loan associations in the 1980s. E. allow insurance companies and securities firms to combine with commercial banks. Areas of commercial bank regulation designed to encourage banks to lend to socially important sectors such as housing and farming are termed regulations. A. consumer protection B. credit allocation C. investor protection D. safety and soundness E. monetary policy

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