Statement I: One Key Provision of the Depository Institutions Deregulation

question 192

Multiple Choice

Statement I: One key provision of the Depository Institutions Deregulation and Monetary Control Act of 1980 was that all depository institutions were now subject to the Fed's legal reserve requirements.
Statement II: According to the same act all thrift institutions were barred from issuing checking accounts.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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United States

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