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Explain BRIEFLY how the repeal of the Glass-Steagall and the Bank Holding Company Acts and the passage of the Gramm-Leach-Bliley Financial Services Modernization Act of 1999 contributed to the financial crisis of 2007-2009.
Percentage Of Budget
A financial metric that represents the proportion of a specific item or category's cost in comparison to the total budget.
Price Elastic
A term related to price elasticity of demand, indicating how responsive the quantity demanded of a good or service is to a change in its price.
Product
Anything that can be offered to a market to satisfy a want or need, including goods, services, and ideas.
Income Elasticity
A measure of how the demand for a good or service changes in relation to a change in income.
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