Multiple Choice 5 points The __ Act in 1933 establishedrules that forced banks to keep customer deposits separate from investment money and disallowed banks from using customer money for their own investments but was overturned in 1999, which is considered one of the factors behind the recession in 2008 and 2009. Federal Reserve Act Federal Deposit Insurance Corporation Glass-Steagall Act Emergency Banking Act

## Step 1<br />The problem is asking us to identify a specific Act that was established in 1933, which imposed rules on banks to keep customer deposits separate from their own investment money. This Act also prohibited banks from using customer money for their own investments. However, this Act was overturned in 1999, which is considered one of the factors behind the recession in 2008 and 2009.<br /><br />## Step 2<br />The options provided are: Federal Reserve Act, Federal Deposit Insurance Corporation, Glass-Steagall Act, and Emergency Banking Act.<br /><br />## Step 3<br />The Federal Reserve Act, Federal Deposit Insurance Corporation, and Emergency Banking Act do not match the description given in the problem.<br /><br />## Step 4<br />The Glass-Steagall Act, however, fits the description perfectly. It was established in 1933 to prevent commercial banks from engaging in risky investments with depositors' money. The Act was later repealed in 1999, which is considered one of the factors behind the recession in 2008 and 2009.