What was the first federally chartered bank in the United States? Bank of America Bank of New York First Bank of the United States Wells Fargo Bank None Which legislation established the Federal Reserve System in the United States? Glass-Steagall Act Sherman Antitrust Act Federal Reserve Act National Banking Act None What event led to the establishment of the Federal Deposit Insurance Corporation (FDIC)? Stock market crash of 1929 Great Depression Panic of 1907 Savings and Loan Crisis None Which banking legislation repealed the Glass-Steagall Act and allowed commercial banks to engage in investment banking activities? Gramm-Leach-Bliley Act Dodd-Frank Wall Street Reform and Consumer Protection Act Sarbanes-Oxley Act Volcker Rule None What is the primary function of the Office of the Comptroller of the Currency (OCC)? Supervising and regulating national banks Enforcing antitrust laws in the banking sector Insuring deposits in member banks Managing monetary policy None Time's up
