The Gramm-Leach-Bliley Act Essentially Repealed Many of the Prohibitions of the Glass-Steagall

question 57

True/False

The Gramm-Leach-Bliley Act essentially repealed many of the prohibitions of the Glass-Steagall Act,which restricted commercial banks from also being in the investment banking business.

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Definitions:

National Defense

Activities and measures taken by a government to protect its country from external threats and ensure national security.

Rival In Consumption

A feature of a quality good where if one person consumes it, others cannot consume it at the same time.

Cost-Benefit Analysis

A process used to evaluate the total anticipated costs of a project compared to its benefits, aiming to determine the best course of action.

Cost-Benefit Analysts

Professionals who evaluate the financial implications and outcomes of actions and projects, comparing the total expected costs against the total expected benefits to determine the best course of action.