Which of the following was NOT a result of the passage of the Gramm-Leach-Bliley Act?

A) It repealed the Glass-Steagall Act.
B) It allowed commercial banks to participate in securities, insurance, and real estate activities.
C) It authorized new financial holding companies which permitted securities and investment firms to own commercial banks.
D) It increased the capital requirements for commercial banks.

D

Economics

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