The Financial Services Modernization Act of 1999 Allowed Investment Banks

question 42

True/False

The Financial Services Modernization Act of 1999 allowed investment banks and securities firms to offer deposit accounts to individuals.

---

Definitions:

Computer Scientists

Professionals who specialize in the study of computing, including the design of software, computational systems, and data processing.

Wage Increase

An upward adjustment in the amount of compensation employees receive for their work, often aimed at keeping up with inflation or recognizing increased productivity.

Demand Increase

A rise in the quantity of a product or service that consumers are willing and able to purchase at various prices.

Italian Soccer Player

An individual of Italian nationality or descent who plays the sport of soccer professionally.