Which of the following is a lasting impact resulting from 20th-century banking reforms in the United States?     Commercial and investment banking practices are strictly separated by law.   The United States dollar can be exchanged for a fixed quantity of gold.   Depositor funds are insured against potential loss in the event of a bank failure.   Banks are required to keep the full amount of every deposit made in their vaults.

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Balance Sheet Regulations

A balance sheet is a financial statement that shows the position of a company's assets and liabilities on a specific date. The balance sheet is prepared after preparing the statement of profit and loss statement (income statement). The balance sheet and other financial statements differ in the sense that the balance sheet shows the financial position at any given point in time. In contrast, the other financial statements show the financial performance over a particular duration.