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:

Projected Job Market

An estimation or forecast of the future demand and availability of jobs within a certain sector or economy.

Internal Factor

refers to elements within an organization or individual that can influence decisions, behaviors, and outcomes, such as values, resources, and goals.

Appropriate Job

An employment position that is well-suited to an individual's skills, interests, and qualifications.

Prospecting Cover Letter

A type of cover letter sent to inquire about potential job opportunities or to introduce oneself to a potential employer, even when no job has been advertised.