The Glass-Steagall Act passed by Congress in 1933

A) regulated the glass industry

B) created the Federal Reserve System

C) prohibited commercial banks from underwriting stocks and bonds

D) requires banks to purchase stocks

The right answer for the question that is being asked and shown above is that: "C) prohibited commercial banks from underwriting stocks and bonds." The Glass-Steagall Act passed by Congress in 1933 C) prohibited commercial banks from underwriting stocks and bonds