The Gramm-Leach-Biley Act

question 60

Multiple Choice

The Gramm-Leach-Biley Act

• A) does not allows business combinations between commercial banks, investment banks and insurance companies.
• B) allows business combinations between commercial banks and investment banks, but not insurance companies.
• C) allows business combinations between commercial banks, investment banks and insurance companies.
• D) was signed during the Great Depression because of the financial crisis.

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