The Depository Institutions Deregulation and Monetary Control Act of 1980

question 71

Multiple Choice

The Depository Institutions Deregulation and Monetary Control Act of 1980

• A)established higher reserve requirements for nonmember than for member banks.
• B)established higher reserve requirements for member than for nonmember banks.
• C)abolished reserve requirements.
• D)established uniform reserve requirements for all banks.

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Definitions:

Teacher Absenteeism

Refers to the frequent absence of teachers from schools, which can detrimentally affect student learning and school performance.

Trade Surplus

The situation when a country exports more than it imports.

Exports

Exports refer to goods or services produced in one country and sold to buyers in another country, contributing to the producing country's economy.

Imports

Goods or services brought into a country from abroad for sale or use.