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The Financial Services Modernization Act of 1999 gave banks and other financial service firms less freedom to merge. allowed financial institutions to offer a diversified

The Financial Services Modernization Act of 1999

gave banks and other financial service firms less freedom to merge.

allowed financial institutions to offer a diversified set of financial services.

offered very few benefits to a financial institution's clients.

increased the reliance of financial institutions on the demand for the single service they offer.

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