True/False
The initiatives of developing larger financial institutions to deal with greater risk of failure has been most evident in the rise of interstate banking in the United States and the emergence of highly service-diversified financial holding companies. The former came partly as a result of the passage of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, while the latter came partly as a result of the passage of the Gramm-Leach-Bliley Financial Services Modernization Act of 1999.
Correct Answer:
Verified
Correct Answer:
Verified
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