An Impact of the Garn-St

question 62

Multiple Choice

An impact of the Garn-St.Germain Act of 1982 has been to

• A) put savings and loans at a competitive disadvantage.
• B) make the banking system more competitive.
• C) give money market mutual funds a competitive advantage.
• D) do both A and B of the above.
• E) do both A and C of the above.

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Definitions:

Small Businesses

Entities characterized by fewer staff and lower annual revenue than larger companies, playing crucial roles in local economies.

Personal Computer

An electronic device designed for individual use, capable of executing a variety of tasks, including word processing, internet browsing, and gaming.

The Zipper

A fastening device consisting of two flexible strips of metal or plastic with interlocking projections closed or opened by pulling a slider along them.

Employ Older Workers

The act of hiring or continuing to employ individuals who are older, often beyond traditional retirement age, recognizing their experience and value in the workforce.