The Gramm-Leach-Bliley Act repealed depression era laws separating commercial ba

Question

The Gramm-Leach-Bliley Act

repealed depression era laws separating commercial banking, insurance, brokerage and investment banking.

allowed Citigroup to keep Salomon Smith Barney, Travelers, and CitiBank together as one entity.

did not take away the ability of the Federal Reserve to impose restriction on banks.

all of these are true.

repealed depression era laws separating commercial banking, insurance, brokerage and investment banking.

allowed Citigroup to keep Salomon Smith Barney, Travelers, and CitiBank together as one entity.

did not take away the ability of the Federal Reserve to impose restriction on banks.

all of these are true.

Explanation / Answer

The Gramm-Leach-Bliley Act

Answer : (D) all of these are true.

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