Fin 35 gcu Study guides, Class notes & Summaries

"Banking Act of 1933," referred to as the Glass-Steagall Act of 1933 - was passed during the Great Depression.This act provided for the separation of commercial banking activities and investment banking activities in the United States. 2 Types of assets - real assets: include the direct ownership of land, buildings or homes, equipment, inventories, durable goods, and precious metals. financial assets: money, debt securities and financial contracts, and equity securities that are backed by...