Which of the following was a result of the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA)?
A. All checkable deposits, whether at commercial banks, savings banks, savings and loan associations, or credit unions will have the same reserve requirements.
B. The Fed has the power to change the reserve requirement on checkable deposits at commercial banks but not credit unions.
C. The Fed has the power to set the reserve requirement on checkable deposits at credit unions, but once set, the reserve requirement cannot be changed for two years.
D. Commercial and savings banks are regulated by the Fed, but credit unions and state banks are not subject to regulations, but must pay dues to the Fed.
A. All checkable deposits, whether at commercial banks, savings banks, savings and loan associations, or credit unions will have the same reserve requirements.
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Exhibit 12-2 Unemployment categories Category# ofIndividuals Frictional unemployment 20 Structural unemployment 35 Cyclical unemployment 60 Discouraged workers 5 Underemployed workers 10 Fully employed workers410 Population900 The unemployment rate for the economy in Exhibit 12-2 is:
A. 12.8 percent. B. 21.5 percent. C. 22.2 percent. D. 30.5 percent.
Changes in floating exchange rates move a country's economy to:
A. a low value for its inflation rate. B. a zero value for its official settlements balance. C. its potential real GDP. D. all of the above.
The Basel Capital Accord does NOT include
A) requiring bank owners to invest into and have some capital ownership in the banks they own. B) supervision of banks by an oversight board. C) information disclosure designed to encourage market discipline. D) denying access to foreign capital by a country that defaults on its international loans.
With cheaper communication technology and easy flow of information between countries,
a. industrial production becomes more labor intensive. b. the pattern of employment and production can change. c. the digital divide widens. d. transaction costs increase.