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Which One of the Following Statements About the Gramm-Leach-Bliley Act

Question 12

Multiple Choice

Which one of the following statements about the Gramm-Leach-Bliley Act of 1999 is correct?


A) This Act removed barriers to capital flows and the movement of citizens across the member states of the European Union.
B) This Act introduced American Depository Receipts (ADRs) , enabling foreign firms to cross-list on a US stock exchange.
C) This Act prevented US banks from engaging in both commercial and investment banking.
D) None of the above.

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