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:

Offensive Lockouts

A strategy used by employers to pressure a union by temporarily closing the workplace to prevent employees from working.

Public Safety

The welfare and protection of the general public, usually expressed through services provided by government agencies like police, fire departments, and emergency medical services.

Permanent Strike Replacements

Workers hired by an employer to permanently replace employees who are on strike, affecting the striking workers' rights to return to their jobs.

Decertification Election

A formal process in which employees vote to remove the representation of a labor union in their workplace.