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A. repealed the McFadden Act's restriction on bank branching.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C. repealed the Glass-Steagall Act's prohibition of mergers between commercial banks and insurance or securities firms.
D. repealed the Riegle-Neal Interstate Banking and Branching Efficiency Act.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

Economics

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The price of a new car is $40,000 while the price of a five-year old car of the same brand is $16,000. The next year the price of the new car increases to $44,000 and the price of a five-year old car of the same brand is $17,600. The relative price of the used car

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