Which of the following about Glass-Steagall are true?

I. It established the FDIC.

II. Separated commercial banking from investment banking.

III. Forbade commercial banks from underwriting any securities.

IV. Allowed the establishment of bank holding companies.

V. Allowed the Federal Reserve to oversee commercial bank activity.

All of the above are true.

Only I, II and V are true.

Only II and III are true.

Only II, III, and IV are true.

Only I, II and V are tryue.