The Glass-Steagall Act created the FDIC, which provided A) a federal

The Glass-Steagall Act created the FDIC, which provided

A) a federal oversight committee to regulate the stock market.
B) federal insurance for bank accounts but also required banks not to use their money to speculate.
C) federal insurance for bank accounts but also required banks to use their money to speculate.
D) federal oversight committee to regulate interest rates.

ANSWER
Answer: B