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.

---

Definitions:

Marginal Cost

The cost incurred by producing one additional unit of a product or service.

Opportunities Forgone

The benefits, profit, or value of something that must be given up to acquire or achieve something else.

Opportunity Cost

The outcome of forgoing possible advantages from other alternatives by choosing one option.

Natural Resources

Resources present in nature, like minerals, forests, water, and fertile lands, that can be tapped for making money.