Legislation That Permits Depository Institutions to Compete with Money Market

question 126

Multiple Choice

Legislation that permits depository institutions to compete with money market mutual funds on an equal basis with respect to interest rates offered to investors is the

• A) Garn-St. Germain Depository Institutions Act.
• B) National Banking Act.
• C) Hunt Commission legislation.
• D) Depository Institutions Deregulation and Monetary Control Act.

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Definitions:

Crystal Lattice

A symmetrical three-dimensional arrangement of atoms inside a crystal.

Halite

A salt mineral (NaCl) generally formed by the evaporation of water; cleaves into cubes and has a distinctive salty taste.

Tetrahedron

A four-sided pyramid, as in a silica tetrahedron.

Soluble

Capable of being dissolved in a solvent, typically referring to substances in liquids.