The Depository Institutions Deregulation and Monetary Control Act of 1980

question 62

Multiple Choice

The Depository Institutions Deregulation and Monetary Control Act of 1980

• A)eliminated the requirement that banks hold reserve deposits with the Fed.
• B)required all state banks to join the Federal Reserve System.
• C)required all banks to maintain reserve deposits with the Fed.
• D)prohibited nonmember banks from receiving discount loans.

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Definitions:

Joint Decisions

Decisions made collectively by two or more parties after considering all perspectives and reaching a consensus.

BATNA

Best Alternative To a Negotiated Agreement; the best course of action a party can take if negotiations fail and an agreement cannot be reached.

Negotiated Agreement

A mutual arrangement or contract reached through discussion and compromise between parties.

Non-Rational Escalation

The phenomenon of continuing a course of action even when it is not in one's best interest, disregarding rational analysis.