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The Gramm-Leach-Bliley Act

Question 75

Multiple Choice

The Gramm-Leach-Bliley Act


A) repealed depression era laws separating commercial banking, insurance, brokerage and investment banking.
B) allowed Citigroup to keep Salomon Smith Barney, Travelers, and CitiBank together as one entity.
C) did not take away the ability of the Federal Reserve to impose restriction on banks.
D) all of these are true.

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