Which of the Following Was a Goal of the Depository

question 32

Multiple Choice

Which of the following was a goal of the Depository Institutions Deregulation and Monetary Control Act of 1980?

• A) To reduce the range of banking services offered.
• B) To allow banks to pay market rates on deposits.
• C) To allow banks to make long-term mortgage loans.
• D) To allow banks to offer Money Market Deposit Accounts.
• E) To reduce the number of leveraged buyouts.

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Definitions:

Encoding Specificity Principle

A principle in psychology that suggests the recall of information is improved when the conditions at the time of encoding (learning) are similar to the conditions at the time of retrieval (remembering).

Scuba Divers

Individuals trained to dive underwater using self-contained underwater breathing apparatus (SCUBA) for various purposes, including exploration, research, and recreation.

Underwater

Underwater refers to being submerged in water, or to the condition of owing more on a loan than the value of the property securing it.

Primacy Effect

A cognitive bias that results in a person remembering the first pieces of information encountered better than information presented later on.