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:

Division

In business, a division refers to a distinct part of a company that focuses on a particular market, product line, or service, often operating with a certain degree of independence.

Decimal Point

A symbol used to separate the integer part from the fractional part of a number in decimal notation.

Multiplication

An arithmetic operation that combines two numbers to produce a product.

Division

A mathematical operation where a number, the dividend, is divided by another number, the divisor, to result in a quotient and sometimes a remainder.