Provisions of the Gramm-Leach-Bliley Act (GLBA) Include All of the Following

question 26

Multiple Choice

Provisions of the Gramm-Leach-Bliley Act (GLBA) include all of the following except:

• A)authorized financial holding companies that could engage in a broad array of financial and nonfinancial activities
• B)authorized banks to underwrite and market municipal revenue bonds
• C)authorized banks to own or control financial subsidiaries that engage in activities that national banks are not permitted to engage in; prior approval must received by the Office of the Controller of the Currency
• D)repeal of the "too-big-to-fail" doctrine

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Definitions:

Working-Class

A social group consisting of people employed in lower-tier jobs, often involving manual labor and receiving hourly wages.

African American/Black

Pertains to individuals in the United States with origins in any of the black racial groups of Africa.

White Middle-Class

A socioeconomic group characterized by moderate to high income, cultural norms, and educational levels, predominantly of white ethnicity in Western contexts.

Latina

A woman of Latin American origin or descent, often used in the United States to refer to women from Central and South America, as well as the Caribbean.