The Resource Recovery Act (1970)________

question 73

Multiple Choice

The Resource Recovery Act (1970) ________.

• A) subsidizes pilot recycling plants
• B) regulates treatment, storage, transportation, and disposal of hazardous waste
• C) establishes a structure for coordinating all federal environmental programs
• D) authorizes grants to states for water-pollution control
• E) prohibits ocean dumping that could threaten human health or the marine environment

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Definitions:

Reserve Requirement Ratio

The fraction of deposits that banks are required to keep on hand, either in cash or as deposits at a central bank, as a measure to ensure bank liquidity.

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposits, as mandated by regulatory authorities.

Total Checkable Deposits

represents the sum of all demand deposits and negotiable order of withdrawal (NOW) accounts in the banking system, which are available for immediate withdrawal and payment.

Depository Institutions Deregulation and Monetary Control Act

A United States federal law enacted in 1980 aimed at improving the efficiency of the financial institutions system and enhancing the control of the money supply.