Which of the Following Was a Result of the Depository

question 268

Multiple Choice

Which of the following was a result of the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA) ?

• A)All checkable deposits,whether at commercial banks,savings banks,savings and loan associations,or credit unions will have the same reserve requirements.
• B)The Fed has the power to change the reserve requirement on checkable deposits at commercial banks but not credit unions.
• C)The Fed has the power to set the reserve requirement on checkable deposits at credit unions,but once set,the reserve requirement cannot be changed for two years.
• D)Commercial and savings banks are regulated by the Fed,but credit unions and state banks are not subject to regulations,but must pay dues to the FeD.
• E)Credit unions and state banks must abide by Fed reserve requirements,but are denied access to borrowing at the discount window.

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Definitions:

Outside Customers

Individuals or entities that purchase a company's products or services but are not part of the company itself.

Maintenance Department

A segment within a company responsible for the upkeep and repair of equipment, ensuring that operations run smoothly and efficiently.

Variable Costs

Costs that vary directly with the level of production or sales, such as materials and labor.

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance.