Multiple Choice
The most detrimental effect of the 1999 repeal of the Glass-Steagall Act was that it
A) was a major contributor to the financial crisis of 2008.
B) was a major detriment to mergers of financial institutions.
C) American financial institutions were less able to compete with their European counterparts.
D) increased the differentiation among banks,securities firms,and insurance companies.
Correct Answer:
Verified
Correct Answer:
Verified
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