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The Glass-Steagall Act prohibited A. retail brokerage firms from having investment banking operations. B. commercial banks from combining investment banking and commercial banking functions. C.

The Glass-Steagall Act prohibited

A.

retail brokerage firms from having investment banking operations.

B.

commercial banks from combining investment banking and commercial banking functions.

C.

investment banks from selling both debt and equity securities.

D.

insurance companies from selling investment products.

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