As a Result of the Monetary Control Act of 1980

question 41

Multiple Choice

As a result of the Monetary Control Act of 1980:

• A) there was less competition among various financial institutions.
• B) fewer institutions were permitted to offer checking account services.
• C) savings and loan associations were restricted to offering long-term loans.
• D) savings and loans paid higher interest rates on short-term deposits to compete for customers.

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Definitions:

Rarely Thinking

Engagement in cognitive processes infrequently, possibly leading to impulsive or unreflective decisions.

Food

Any nutritious substance that people or animals eat or drink or that plants absorb to maintain life and growth.

Anorexia

An eating disorder characterized by an obsessive fear of gaining weight, leading to severe food restriction and weight loss.

Failure

The lack of success or the inability to meet a desired or intended objective.