The Main Outcome of the Gramm-Leach-Bliley Act of 1999 Is

question 14

Multiple Choice

The main outcome of the Gramm-Leach-Bliley Act of 1999 is to allow:

• A) banks, insurers and security dealers to openly compete with one another
• B) banks, insurers and security dealers to form financial services holding companies
• C) insurers to choose between state or federal regulation
• D) banks to evade the provisions of the Glass-Steagall Act

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Definitions:

Approach-Avoidance

Refers to the conflict that occurs when a single goal or event has both attractive and unattractive aspects, leading to ambivalence in decision making.

Repairs

The process of fixing or restoring something that is broken or damaged, returning it to a functional or usable state.

Reliable Transportation

Transportation means that consistently provides safe and timely conveyance from one place to another.

Approach-Avoidance Conflict

A psychological conflict that occurs when a single situation or goal has both attractive and unattractive aspects.