Which Banking Act Allowed for the Creation of NOW Accounts

question 45

Multiple Choice

Which banking act allowed for the creation of NOW accounts?

• A)McFadden Act
• B)Glass-Steagall Act
• C)DIDMCA
• D)Garn-St Germain Act

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Definitions:

Staffing Requirements

Staffing requirements refer to the specific qualifications, skills, and number of employees needed to fulfill the operational needs of an organization.

Direct Service Requirements

Essential tasks or services that must be provided directly to fulfill certain goals or meet specific needs.

Iron Triangle

A term in political science that describes the policy-making relationship among the congressional committees, the bureaucracy (government agencies), and interest groups, highlighting a closed, mutually supportive system that can be hard to penetrate or influence from the outside.

Civil Servants

Employees of the government who are appointed or hired to implement public policy and provide services to the public.