What are three reasons why the glass-steagall act became less and less effective? instructions: in order to receive full credit, you must make a selection for each option. for correct answer(s), click the box once to place a check mark. for incorrect answer(s), click twice to empty the box. regulations covered fewer financial instruments as new financial instruments were developed. unanswered new financial institutions and instruments were invented to circumvent the glass-steagall act. unanswered regulations covered more financial instruments as new financial instruments were developed. unanswered financial markets were becoming more localized, which u. s. regulations could effectively control. unanswered there was political pressure to reduce regulations. unanswered there was no political pressure to reduce regulations. unanswered