Due to the Gramm-Leach-Bliley Act of 1999

Social Studies

1 answer:

Anuta_ua [19.1K]3 years ago

6 0

Answer:

C. the US government allowed commercial banks to own stock and sell insurance policies.

Explanation:

The Gramm-Leach-Bliley Act (GLBA) of 1999 basically repealed or revoked or cancelled the Glass-Steagall Act of 1933. The Glass-Steagall Act of 1933 forbids the commercial banks to own stock and sell insurance policies. So basically by cancelling that Glass-Steagall Act of 1933, the GLBA of 1999 allowed the commercial banks to own stock and sell insurance policies.

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Due to the​ Gramm-Leach-Bliley Act of 1999

Due to the Gramm-Leach-Bliley Act of 1999