Multiple Choice
Legislation that permits depository institutions to compete with money market mutual funds on an equal basis with respect to interest rates offered to investors is the
A) Garn-St. Germain Depository Institutions Act.
B) National Banking Act.
C) Hunt Commission legislation.
D) Depository Institutions Deregulation and Monetary Control Act.
Correct Answer:

Verified
Correct Answer:
Verified
Q121: The Second Bank of the United States
Q122: The Monetary Control Act prohibited the Federal
Q123: The Depository Institutions Deregulation and Monetary Control
Q124: Common equity capital ratio.<br>A) Interest paid /
Q125: The U.S. banking system as it exists
Q127: Financial diversification is the process by which
Q128: Commercial banks obtain the bulk of their
Q129: Bank solvency reflects the ability to keep
Q130: The adequacy of capital for commercial banks
Q131: Savings and loans were first known as