41. The Glass-Steagall Act (1933) a. drew a distinct line between the banking industry and the investment industry, in effect forbidding a financial institution to be both a bank and a brokerage. b. drew a distinct line between the insurance industry and the investment industry, in effect forbidding a financial institution to be both an insurance company and a brokerage. c. drew a distinct line between the banking industry and the retasil commodity industry, in effect forbidding a financial institution to be both a bank and a retail store. d. Removed the line between the banking industry and the investment industry, in effect allowing a financial institution to be both a bank and a brokerage. 42. 1999 Financial Services Modernization Act: a. Prevents companies working in the financial sector to integrate their operations, invest in each other's businesses or consolidate, including and separating businesses such as insurance companies, brokerage firms, investment dealers and commercial banks. b. allows companies working in the financial sector to integrate their operations, invest in each other's businesses and consolidate, including businesses such as insurance companies, brokerage firms, investment dealers and commercial banks. c. Consolidates all regulatory power into the hands of the Federal Reserve. d. Creates the RTC (Resolution Trust Corporation) to aid in the resolution of the banking crisis and the Thrift problem by absorbing the assets and liabilities of failing institutions to slowly resolve the crisis. 43. Throughout the 1980 to 2000 period, among financial institutions, a. Bankruptcies and mergers/acquisition and consolidation increased. b. Bankruptcies and mergers/acquisition and consolidation decreased. c. Bankruptcies had increased in the 1980s and mergers/acquisitions with consolidation increased in the 1990s, in general. d. Mergers/Acquisitions with consolidation had increased in the 1980s and bankruptcies increased in the 1990s, in general. citation of financial