Which of the following was a major outcome of the Banking Act of 1933?
A) It established the Federal Reserve as the central bank in the U.S.
B) It banned commercial banks from competing with non-depository institutions.
C) It prohibited fraud in the sale of newly issued stocks and bonds.
D) It created the Securities and Exchange Commission to oversee the securities industry.
Question 2
Service industries make up about 48 percent of all small businesses.
Indicate whether the statement is true or false
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