The Depository Institutions Deregulation and Monetary Control Act of 1980

question 62

Multiple Choice

The Depository Institutions Deregulation and Monetary Control Act of 1980

• A)eliminated the requirement that banks hold reserve deposits with the Fed.
• B)required all state banks to join the Federal Reserve System.
• C)required all banks to maintain reserve deposits with the Fed.
• D)prohibited nonmember banks from receiving discount loans.

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Definitions:

New Customer

A person who has never previously purchased or used a product or service from a business.

Complement

In probability, it refers to the event not occurring, or the subset of outcomes that are not part of the event of interest.

Complement

In probability theory, the event consisting of all outcomes not in a given event, typically leading to a sum of probabilities equal to one.

Probability

The quantification of an event's likelihood to occur, represented as a number from 0 to 1.