Passage of the Depository Institutions Deregulation and Monetary Control Act of 1980
A. created uniform reserve requirements for all depository financial institutions.
B. resulted in an increase in the number of financial institutions in the United States.
C. discouraged the formation of big, nationwide, all-purpose financial institutions.
D. meant that vault cash would no longer count toward bank reserves.
A. created uniform reserve requirements for all depository financial institutions.
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Susan recently purchased a home for $150,000. She plans to rent it out for $1,000 per month for a year. Had the house cost $200,000 instead, her expected rate of return would have:
A. Decreased by 1 percentage point B. Decreased by 2 percentage point C. Increased by 2 percentage point D. Increased by 3 percentage point
With graph on interest rate and planned investment (downward sloping): Planned investment could decrease from $12 million to $8 million if
A) the government increases government purchases. B) the Fed increases the money supply. C) the government reduces government purchases. D) the government increases net taxes.