The Depository Institutions Deregulatory and Monetary Control Act of 1980

question 51

Multiple Choice

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

• A)expanded the asset and liability powers for banks and thrifts.
• B)removed 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:

Marx

Karl Marx, a 19th-century philosopher, economist, and revolutionary socialist known for his theories about capitalism and communism.

Consequences

The outcomes or results that naturally follow from an action or condition, affecting how situations unfold.

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The ability to see the connections between personal experiences and larger social forces, a concept introduced by C. Wright Mills.

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