Negotiable Order of Withdrawal (NOW)accounts-Interest-Bearing Savings Accounts That Can Be

question 125

Multiple Choice

Negotiable Order of Withdrawal (NOW) accounts-interest-bearing savings accounts that can be used essentially the same as checking accounts-were authorized by:

• A)Glass-Steagall Act.
• B)Depository Institutions Deregulation and Monetary Control Act (DIDMCA).
• C)Bank Holding Company Act.
• D)Garn-St.Germain Depository Institutions Act.
• E)None of the options is correct.

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Definitions:

Promotion

The act of advancing someone to a higher position or rank, often associated with increased responsibilities and benefits.

Hostile Work Environment

A situation in which an employee experiences workplace harassment or unwelcome conduct that is severe or pervasive enough to create a toxic atmosphere.

Sweating Nervously

A physiological response to stress, fear, or anxiety, often seen as a nonverbal cue indicating discomfort or nervousness.

Isolated

A state or condition in which an individual or group is set apart or detached from others, either physically or socially.