The Depository Institutions Deregulation and Monetary Control Act of 1980

question 46

Multiple Choice

The Depository Institutions Deregulation and Monetary Control Act of 1980 subjected

• A) only member banks to the reserve requirements set by the Fed.
• B) only S&Ls to the reserve requirements set by the Fed.
• C) all depository institutions to the reserve requirements set by the Fed.
• D) only national banks to reserve requirements set by the Fed.

---

Definitions:

Stock

An equity instrument representing ownership in a corporation, entitling the holder to a proportion of the corporation's profits and assets.

Litigation

The process of taking legal action in court to resolve disputes between parties.

Joining

The act of becoming a member or part of a group, organization, or legal proceeding.

Accident

An unforeseen and unplanned event or circumstance, often resulting in damage or injury.