The 1999 Gramm-Leach-Bliley Act Allowed Banks To

question 19

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:

Outside Supplier

An external company or entity that provides goods or services to another company, often used in the context of manufacturing or production.

Fixed Costs

Expenses that do not change in proportion to the level of production or sales, such as rent, salaries, and insurance premiums.

Selling Price

The cost incurred by the customer for acquiring a product or service.

Variable Production Costs

Expenses that vary directly with the volume of production or sales, like direct labor and raw materials.