APFIVE Repeal of the Glass-Steagall Act
Which of the following actions resulted in the repeal of the Glass-Steagall Act?
A
The passage of the Gramm-Leach-Bliley Act in 1999, which removed the barrier between commercial and investment banking.
B
A federal policy that reinforced the New Deal-era banking reforms established in 1933.
C
A reform that exclusively expanded consumer credit without affecting bank operations.
D
The enactment of strict regulations that maintained the separation between commercial and investment banking.
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