The gram-Leach-bailey Act:
A. repealed the McFadden Act's restriction on bank branching.
B. reinforced the Glass-Steagall Act's limitation on commercial banks' availability to merge with insurance or securities firms by increasing the penalties for doing so.
C. repealed the Glass-Steagall Act's prohibition of mergers between commercial banks and insurance or securities firms.
D. repealed the Riegle-Neal Interstate Banking and Branching Efficiency Act.
Answer: C
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