The Depository Institutions Deregulation and Monetary Control Act Passed by the Congress

question 114

Multiple Choice

The Depository Institutions Deregulation and Monetary Control Act passed by the Congress in 1980 led to:

• A)the complete removal of thrift institutions.
• B)increased competition among financial institutions.
• C)the formation of large number of savings and loan associations.
• D)privatization of all financial institutions in the U.S.
• E)the complete removal of credit unions.

---

Definitions:

Diode

A semiconductor device that allows current to flow in one direction only, commonly used for rectification or as a check valve in electrical circuits.

Circuit Resistance

The opposition to the flow of electric current within a circuit, measured in ohms, affecting the circuit's performance and power consumption.

DMM

Stands for Digital Multimeter, an electronic measuring instrument that combines several measurement functions in one unit, such as voltage, current, and resistance.

Ohmmeter

A device used to measure electrical resistance in units of ohms.