Which of the Following Statements About the Depository Institutions Deregulation

question 9

Multiple Choice

Which of the following statements about the Depository Institutions Deregulation and Monetary Control Act of 1980 is NOT correct?

• A)It required all banks to maintain reserve deposits with the Fed.
• B)It gave member and nonmember banks equivalent access to discount loans.
• C)It halted the decline in Fed membership.
• D)It eliminated restrictions on interstate banking for member banks.

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Definitions:

Demand Curve

A visual depiction showing the connection between the cost of a product or service and how much of it is wanted over a specific time frame.

Positive Externality

A benefit that affects someone who did not choose to incur that benefit, typically associated with public goods or services, like education or vaccination.

Market Inefficiency

A situation where resources are not allocated optimally, leading to a waste of resources or an inability to reach market equilibrium.

Supply And Demand Diagram

A graphical representation of the relationship between the quantity of a good or service that suppliers are willing to offer and the quantity that consumers are willing to purchase at various prices.