Question

How did the banking act of 1933 make banks more stable in the long run?

a. it separated commercial and investment banking
b. it made bank runs and bank holidays illegal.
c. it created a system of regional federal banks to oversee local banks.
d. it required people to take out insurance on their bank deposits.

Answer 1

a

Step-by-step explanation:

Banking Act (Glass-Steagall Act)

Separated commercial banking from investment banking to help protect deposits; created the FDIC

Answer 2

It separated commercial and investment banking.

The Banking Act of 1933 was a banking reform that was enacted upon the failure of said banks during the great depression. This act prevented commercial banks to invest in a business and enacted more strict regulations.