Describe the McFadden act and the implications of geographic regulation of the banking system in the United States

EC330. Problem set 2
Please, answer all the questions below.
1) Describe the McFadden act and the implications of geographic regulation of the banking system
in the United States
2) Describe the separation between commercial and investment banking introduced by the Glass
Steagal act.
3) Draw and explain carefully the typical balance sheet of a commercial bank.
4) Describe the theories of asymmetric information and how they can explain the arisal of banks.

Describe the McFadden act and the implications of geographic

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