As a Way of Stemming the Decline in the Number

question 73

Multiple Choice

As a way of stemming the decline in the number of savings and loans and mutual savings banks,the Garn-St.Germain Act of 1982 allowed

• A) money market certificates.
• B) money market mutual funds.
• C) money market deposit accounts.
• D) negotiable order of withdrawal accounts.

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Definitions:

Net Profit Margin Ratio

A profitability measure that calculates the percentage of net income derived from total revenues.

Operating Expenses

Operating expenses encompass the costs associated with running the day-to-day operations of a business, excluding the cost of goods sold, such as rent, utilities, and payroll.

Net Profit Margin

A financial metric that shows the percentage of profit derived from revenue after all expenses are deducted.

Financial Information

Data related to the financial performance and financial position of a company, including income statements, balance sheets, and cash flow statements.