The Maximum Interest Rate That Is Permitted on Deposit Accounts

question 18

True/False

The maximum interest rate that is permitted on deposit accounts has been phased out by the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA).

---

Definitions:

Diene

A hydrocarbon that contains two double bonds between carbon atoms.

HBr

Hydrogen bromide; a diatomic molecule consisting of hydrogen and bromine, known for its use as a reagent in organic synthesis.

Allyl Cation

A positively charged ion (cation) with the formula C3H5+, characterized by a carbon atom connected to two other carbons via double bonds in a linear arrangement.

Carbon p Orbitals

Atomic orbitals composed of p electrons in carbon atoms, crucial for the formation of covalent chemical bonds through overlap.