The Depository Institutions Deregulatory and Monetary Control Act of 1980

question 106

Multiple Choice

The Depository Institutions Deregulatory and Monetary Control Act of 1980 (DIDMCA)

• A)reduced the asset and liability powers for banks and thrifts.
• B)reinforced many of the regulations that had been put in place during the Great Depression.
• C)set uniform and universal reserve requirements for all depositories and suspended usury ceilings.
• D)All of the above are correct.

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Definitions:

Marginal Revenue

The additional income that is gained from selling one more unit of a product or service.

Consumer Surplus

The discrepancy between the total sum consumers are prepared and capable of paying for a good or service, and the total sum they end up paying.

Profit Maximize

The method through which a company identifies the optimal pricing and production volume to maximize its profits.

Output

Output is the total amount of goods or services produced by a company, sector, or economy within a certain period, indicating the level of productivity and capacity utilization.