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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 24
Circle the letter that corresponds to the best answer. The repeal of Glass-Steagall in 1999 __________.
A) had the objective of allowing banks, securities firms, and insurance companies to merge and to sell each others' products
B) will result in a huge expansion in the number of financial institutions doing business in the United States
C) will result in the same abuses that led to the passage of the original act in 1929
D) will make it much harder for U.S. financial institutions to merge
A) had the objective of allowing banks, securities firms, and insurance companies to merge and to sell each others' products
B) will result in a huge expansion in the number of financial institutions doing business in the United States
C) will result in the same abuses that led to the passage of the original act in 1929
D) will make it much harder for U.S. financial institutions to merge
Explanation
Verified
Verified
It was however repealed in 1999 as it wa...
Macroeconomics 11th Edition by Stephen Slavin
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