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The Gramm-Leach-Bliley Act

Question 25

Multiple Choice

The Gramm-Leach-Bliley Act:


A) repealed the Riegle-Neal Interstate Banking and Branching Efficiency Act.
B) repealed the Glass-Steagall Act's prohibition of mergers between commercial banks and insurance or securities firms.
C) repealed the McFadden Act's restriction on bank branching.
D) reinforced the Glass-Steagall Act's limitation on commercial banks' availability to merge with insurance or securities firms by increasing the penalties for doing so.

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