The Purpose of Deregulating Banks During the 1980s Was to

question 84

Multiple Choice

The purpose of deregulating banks during the 1980s was to

• A)eliminate the risk that banks incurred
• B)allow banks to compete with other financial institutions
• C)allow U.S.banks to compete with foreign banks
• D)help consumers
• E)decrease the cost of banking regulation

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Definitions:

Zero Inflation

A situation where there is no general increase in the prices of goods and services in an economy over time.

Temporary Costs

Expenses that are not permanent or enduring, typically occurring for a limited time period.

Permanent Benefits

Long-term advantages or income received from an investment, job, or government policy.

Potential Benefits

The possible advantages or gains that could be realized from a particular action or investment.