The Garn-St.Germain Depository Institutions Act, Among Other Things

question 59

Multiple Choice

The Garn-St.Germain Depository Institutions Act, among other things:

• A)extended the Fed's control to thrift institutions and to commercial banks that are not members of the Fed
• B)enabled depository institutions to issue money market accounts with no regulated interest rate ceiling
• C)was designed to assist the investment banking industry
• D)all the above

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Definitions:

Rule of 72

A mathematical rule to estimate the number of years required to double an investment at a given annual fixed interest rate.

$10,000

A numerical figure representing a specific amount of money, notable in various financial contexts.

Cash Flows

signify the net amount of cash being transferred into and out of a business, crucial for assessing liquidity, flexibility, and overall financial health.

Net Present Value

A financial metric that calculates the value of a series of cash flows by discounting them to their present value, used to assess the profitability of investments.