Which of the Following Statements Is  NOT Correct with Respect

question 31

Multiple Choice

Which of the following statements is  NOT correct with respect to the Financial Services Modernization Act of 1999?

• A)It expanded the Glass-Steagall Act.
• B)It enabled commercial banks to more easily pursue securities and insurance activities.
• C)It allowed securities firms and insurance companies to acquire banks.
• D)It required commercial banks to have a strong rating in community lending in order to pursue additional expansion in securities and other nonbank activities.
• E)All of these are correct.

---

Definitions:

Women's Legal Position

The legal rights and statuses assigned to women, which can vary tremendously across different societies and have historically been the subject of significant change and advocacy.

League of Nations

An international organization founded after World War I to promote peace and cooperation among countries, which was later replaced by the United Nations.

Entanglements

Complex situations or circumstances where elements are twisted or interwoven in a confusing or complicated manner.

Leon Blum

A French socialist leader and three times Prime Minister of France, noted for frontline social and economic reforms.