Multiple choice technology testing

------ Act is also known as Financial Modernization Act of 1999

  1. The Mc Carran Ferguson Act

  2. The Gramm Leach Billey Act

  3. The Canadian Council of Insurance Regulators

  4. None of the Above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Gramm-Leach-Bliley Act (1999), also known as the Financial Modernization Act, repealed Glass-Steagall Act provisions that separated banking, insurance, and securities, allowing financial services integration and affiliations between these industries.

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