The deregulation of the 1980s has allowed brokerage firms to offer traditional banking services,and has also let banks offer services formerly found only at investment companies.

Question

Quizplus · Accepted Answer

The deregulation of the 1980s, particularly the Gramm-Leach-Bliley Act of 1999, did indeed allow for the merging of traditional banking and investment services, allowing brokerage firms to offer banking services and banks to offer investment services.

The Deregulation of the 1980s Has Allowed Brokerage Firms to Offer