Multiple Choice
The Monetary Control Act
A) extended the Fed's control to thrift institutions and non-member commercial banks.
B) has resulted in more competition among depository institutions.
C) increased federal deposit insurance from $40,000 to $80,000 for each account.
D) established minimum capital requirements for banks with federal charters.
Correct Answer:
Verified
Correct Answer:
Verified
Q45: Credit unions are<br>A) for profit organizations.<br>B) made
Q46: An open-end investment company that can issue
Q47: Credit unions are cooperative nonprofit organizations that
Q48: An unsecured loan represents a general claim
Q49: Savings banks have nearly three quarters of
Q51: The item on the assets side of
Q52: In general, the effective rate of interest
Q53: _ provide loans directly to consumers and
Q54: _ collect premiums on insurance policies and
Q55: The Economic Stabilization Act of 2008 had