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:

Constitution

The supreme law of the United States, outlining the national frame of government and the rights of citizens.

Republicans

Members of the Republican Party, one of the two major political parties in the United States, often associated with conservative policies and positions on issues like taxation, national defense, and business regulation.

Westward Expansion

the 19th-century movement of settlers into the American West, encouraged by ideology, government policy, and opportunities for new land and wealth.

National Resources

Natural resources such as minerals, forests, water, and fertile land that belong to or are characteristic of a particular country.