The McFadden Act of 1927
A. effectively prohibited banks from branching across state lines.
B. required that banks maintain bank capital equal to at least 6 percent of their assets.
C. effectively required that banks maintain a correspondent relationship with large money center banks.
D. separated the commercial banks and investment banks.
Answer:A
The McFadden Act of 1927
A. effectively prohibited banks from branching across state lines. B. required that banks maintain bank capital equal to at least 6 percent of their assets. C. effectively required that banks maintain a correspondent relationship with large money center banks. D. separated the commercial banks and investment banks.