The Banking Act of 1980 Resulted in Which of the Following

question 154

Multiple Choice

The Banking Act of 1980 resulted in which of the following?

• A)All depository institutions had uniform reserve requirements.
• B)The number of financial institutions began to decline due to key bank legislation in that year.
• C)It was easier for the Federal Reserve to control the money supply.
• D)Both commercial banks and thrift institutions could issue checking accounts.
• E)All of the choices were results of the Banking Act of 1980.

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Definitions:

Late Majority

A classification in the technology adoption lifecycle representing consumers who adopt new technology or innovations after the average member of the population.

Adopters

Individuals or entities that begin using a new product or technology, often categorized by their willingness to embrace new innovations.

Cultural Values

The core principles and ideals upon which an entire community exists and operates, which influence behavior, preferences, and norms within that society.

Progress

Forward movement towards a desired goal or improvement, often measured by milestones or achievements.