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1-Prior to the passage of the Glass-Steagall act, A-banks were allowed to engage in the purchase...

1-Prior to the passage of the Glass-Steagall act,

A-banks were allowed to engage in the purchase and sale of equity securities (stocks).

B-bank officers were allowed to take out loans from the banks the managed.

C-banks could pay interest on checking deposits.

D-all of these

E-the Federal Open Market Committee (FOMC) did not exist.
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