The Garn-St. Germain Act of 1982

question 52

Multiple Choice

The Garn-St. Germain Act of 1982

• A)permitted depository institutions to offer money market deposit accounts.
• B)prevented depository institutions from acquiring problem institutions across geographical boundaries.
• C)required the Fed to explicitly charge depository institutions for its services.
• D)allowed the Fed to provide check clearing to depository institutions at no charge.

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Definitions:

Sponsor

In recovery contexts, this refers to an experienced person in the program who offers guidance and support to someone newer in navigating the path of recovery.

Recovery Process

The journey of improvement from the physical, psychological, and social effects of living with a disease or disorder.

Gradual Transition

A slow and deliberate process of change from one state or condition to another, often used in reference to developmental, organizational, or therapeutic contexts.

Moderation

The practice of avoiding excess or extremes, especially in one's behavior or political opinions.