Which of the following is a result of the Banking Act of 1935?(1 point)
Responses
Depositor funds are insured against potential loss in the event of a bank failure.
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.
The United States dollar can be exchanged for a fixed quantity of gold.
Commercial and investment banking practices are strictly separated by law.
Commercial and investment banking practices are strictly separated by law.
Banks are required to keep the full amount of every deposit made in their vaults.