As a Result of the McFadden Act

question 46

Multiple Choice

As a result of the McFadden Act,

• A)deposits in state chartered banks receive federal deposit insurance protection.
• B)there are a larger number of banking firms in the United States than there would have been otherwise.
• C)only state chartered banks are allowed to offer demand deposits.
• D)bank credit card interest rates are regulated at the federal level.

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Definitions:

Dependent Variable

A variable in an experiment or study whose changes depend on the manipulation of the independent variables.

Logistic Regression

A statistical method for analyzing datasets in which there are one or more independent variables that determine an outcome. The outcome is measured with a dichotomous variable (in which there are only two possible outcomes).

Dependent Variable

In statistical modeling, this is the variable whose variation is being studied to see if it can be predicted or explained by variation in other variables.

Denominator Degrees

This key term does not appear to be standard; however, it may refer to the denominator in statistical formulas where degrees of freedom are considered.