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What is the name of the U.S. banking law passed in 1933 that separated commercial and investment banking?
Answer
Glass-Steagall Act
In what year was the Federal Deposit Insurance Corporation (FDIC) created?
Answer
1933
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Latest trivia questions
What year was the Bank of England founded?
Answer
1694
What does the acronym FOMC stand for?
Answer
Federal Open Market Committee
Which U.S. government agency insures deposits in banks and thrifts up to $250,000 per depositor?
Answer
Federal Deposit Insurance Corporation
What is the name of the central bank of the European Union that sets monetary policy for the eurozone?
Answer
European Central Bank
Which international financial institution, founded in 1944, provides short-term loans for balance of payments problems?
Answer
International Monetary Fund
Which Japanese central bank was established in 1882?
Answer
Bank of Japan
What is the name of the oldest bank still in operation, founded in 1472 in Italy?
Answer
Banca Monte dei Paschi di Siena
What is the term for the interest rate on overnight loans between U.S. banks, set by the FOMC?
Answer
Federal funds rate