Which of the Following Was NOT Achieved by the Depository

question 46

Multiple Choice

Which of the following was NOT achieved by the Depository Institutions Deregulation and Monetary Control Act of 1980?

• A)removed interest rate ceilings on deposits
• B)allowed banks to offer NOW accounts
• C)increased competition among depository institutions
• D)allowed interstate banking for depository institutions in most states

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Definitions:

Net Operating Income

The profit generated from a business's operations after subtracting operating expenses, but before interest and taxes.

Degree Of Operating Leverage

A financial ratio that measures the sensitivity of a company's operating income to a change in its sales volume.

Variable Expenses

Expenses that change in proportion to the activity of a business, such as raw material costs or sales commissions.

Fixed Expenses

Expenses that remain constant regardless of production or sales volume, including rent, insurance, and salaries.