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The Gramm-Leach-Biley Act

Question 61

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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