Which Law Is Responsible for Rolling Back Many of the Rules

question 69

Multiple Choice

Which law is responsible for rolling back many of the rules against commercial banks offering investment banking activities?

• A) the Securities Act of 1933
• B) the Securities Exchange Act of 1934
• C) the Glass-Steagall Act of 1933
• D) the Financial Services Modernization Act of 1999

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Definitions:

Goal

A desired result or outcome that a person or organization envisions, plans, and commits to achieve.

Simple Interest

Interest calculated only on the principal amount, without compounding.

Account

A record or statement that details financial transactions and their impact on an entity's financial position.

Guaranteed Annual Rate

The minimum annual return promised to an investor by an investment product, regardless of market conditions.