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Chapter 22. 3. What restrictions were placed on Section 20 subsidiaries of U.S. commercial banks that made investment banking activities other than those permitted by

Chapter 22.

3. What restrictions were placed on Section 20 subsidiaries of U.S. commercial banks that made investment banking activities other than those permitted by the Glass-Steagall Act less attractive? How did this differ from banking activities in other countries?

7. What is shadow banking? How does the shadow banking system differ from the traditional banking system?

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