The Gramm-Leach-Bliley Act Was Passed in 1999 by the U

question 17

Multiple Choice

The Gramm-Leach-Bliley Act was passed in 1999 by the U.S.Congress to allow

• A)Financial institutions to offer full financial services such as insurance and investment banking as well as traditional commercial banking
• B)Financial institutions to be sued by stockholders for off-balance sheet accounting errors
• C)Savings and loans to compete with commercial banks in both the commercial banking arena and mortgage loans
• D)European banks to acquire U.S.financial institutions.