The 1999 Gramm-Leach-Bliley Act Allowed Banks To

question 3

Multiple Choice

The 1999 Gramm-Leach-Bliley Act allowed banks to:

• A)Engage in subprime lending
• B)Sell insurance
• C)Become more involved in investment bank activities
• D)Underwrite government bonds
• E)Choose between commercial and investment bank activities

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Definitions:

Aggravated

Made more severe or intense, especially in law, typically referring to more serious or intensified charges or consequences.

F.Lee Bailey

A prominent American defense attorney known for his role in several high-profile legal cases.

Misdemeanor

A crime less serious than a felony that is generally punishable by a prison sentence of not more than one year.

Imprisonment

The act of confining someone in a prison or similar facility as punishment for committing a crime.