Introduction to Business
Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Chapter 15.4, Problem 3CC

What can the FDIC do to help financially troubled banks?

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B. Do you think that the central bank, as lender of last resort, should also supervise the financial industry? Why or why not?
Would you think the punishment provided in the law is enough to deter nonpayment of debt? What about the lender protection from unscrupulous debtors?
In your own words: 1. Before the Glass/Steagall Act what were commercial banks doing with depositor money to cause them to lose their money? 2. What in the Glass/Steagall Act prevented the banks from doing that again?
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