Which of the Following Was Not a Main Provision of Depository

question 55

Multiple Choice

Which of the following was not a main provision of Depository Institutions Deregulation and Monetary Control Act (DIDMCA) ?

• A)phased out Regulation Q interest rate ceilings over a six-year period
• B)authorized money market deposit accounts
• C)expanded the asset and liability powers of banks and thrifts
• D)allowed all depository institutions to offer NOW accounts

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Definitions:

Economic Failure

The inability of a market or economy to allocate resources efficiently, often leading to wastefulness or loss.

Creditors

Individuals or institutions that extend credit by lending money or providing goods or services that will be paid for later.

Leveraged Buyout

A transaction where a company is acquired primarily using borrowed funds.

Publicly Traded Company

A company that is registered with the SEC and whose securities therefore may be sold to the general public.