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The Gramm-Leach-Bliley Act Was Passed in 1999 by the U

Question 51

Multiple Choice

The Gramm-Leach-Bliley Act was passed in 1999 by the U.S. Congress to allow:


A) financial institutions to offer full financial services, such as insurance and investment banking, as well as traditional commercial banking.
B) financial institutions to be sued by stockholders for off-balance sheet accounting errors.
C) savings and loans to compete with commercial banks in both the commercial banking arena and mortgage loans.
D) European banks to acquire U.S. financial institutions.

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