Money Market Deposit Accounts (MMDAs),offering Flexible Interest Rates,accessible for Payments
Multiple Choice
Money market deposit accounts (MMDAs) ,offering flexible interest rates,accessible for payments purposes,and designed to compete with share accounts offered by money market mutual funds,were authorized by the:
A) Glass-Steagall Act.
B) Depository Institutions Deregulation and Monetary Control Act (DIDMCA) .
C) Bank Holding Company Act.
D) Garn-St.Germain Depository Institutions Act.
E) None of the options is correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: When a customer is charged a fixed
Q6: An MMDA is a short-term deposit where
Q7: Nonprice competition for deposits has tended to
Q8: Deposit accounts whose principal function is to
Q9: Domestic deposits generate legal reserves.
Q11: When the government collects taxes or sells
Q12: Depositors must send their customers the amount
Q13: Personal checking accounts tend to be more
Q14: Prior to Depository Institution Deregulation and Control
Q15: While demand deposits have about the same