Statement I: Under the Depository Institutions Deregulation and Monetary Control

question 32

Multiple Choice

Statement I: Under the Depository Institutions Deregulation and Monetary Control Act of 1980,all banks and thrift institutions are subject to the reserve requirements of the Federal Reserve.
Statement II: Under the Depository Institutions Deregulation and Monetary Control Act of 1980 all banks and thrift institutions are legally authorized to issue 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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Definitions:

Hispanic Americans

Individuals in the United States who are descendants of people from countries of Latin America and the Iberian Peninsula.

Non-Hispanic

A demographic term used to describe individuals who do not identify as Hispanic or Latino, often used in the context of ethnic or racial studies.

Obsessive-Compulsive

Relating to, characteristic of, or affected by a disorder that involves persistent thoughts (obsessions) and repetitive behaviors (compulsions) as an attempt to control these thoughts.

Cognitive-Behavioral Therapy

Cognitive-Behavioral Therapy is a form of psychotherapy that treats problems by modifying dysfunctional emotions, behaviors, and thoughts.