Multiple Choice
The Financial Services Modernization Act of 1999
A) stipulates that a financial services holding company that engages in commercial banking, investment banking, and insurance activities will be functionally regulated.
B) restricts bank holding companies from opening insurance underwriting affiliates.
C) requires banks that underwrite and sell insurance to operate under federal rather than state regulations as insurance companies.
D) All of the options.
E) None of the options.
Correct Answer:
Verified
Correct Answer:
Verified
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