The Depository Institutions Deregulation and Monetary Control Act of 1980

question 55

Multiple Choice

The Depository Institutions Deregulation and Monetary Control Act of 1980 did not:

• A)eliminate all Regulation Q requirements
• B)allow all depository institutions to borrow from the Fed on the same basis
• C)increase federal deposit insurance
• D)amend the Home Owner's Loan Act of 1993

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Definitions:

Contra-Liability Account

An account that decreases the balance of a related liability account, representing a credit balance in the liability section of the balance sheet.

Continuing Operations

The segments or activities of a business that are expected to continue for the foreseeable future, excluding discontinued operations.

Asset Retirement Obligations

Legal obligations associated with the retirement of a tangible, long-lived asset that result from its acquisition, construction, development, or normal operations.