Question: 1. What is duration? Why is it important? 2. During the 1999's The Financia Services Modernization Act of 1999 was enacted. What did this law

1. What is duration? Why is it important?

2. During the 1999's The Financia Services Modernization Act of 1999 was enacted. What did this law do? What were some of the consequences for the US banking system?

3. What are three key activity areas for securities firms?

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