Solved

Prior to Depository Institution Deregulation and Control Act (DIDMCA)being Passed,banks

Question 14

Multiple Choice

Prior to Depository Institution Deregulation and Control Act (DIDMCA) being passed,banks used ______________.This tended to distort the allocation of scarce resources.


A) free pricing
B) conditionally free pricing
C) flat-rate pricing
D) marginal cost pricing
E) nonprice competition

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q9: Domestic deposits generate legal reserves.

Q10: Money market deposit accounts (MMDAs),offering flexible interest

Q11: When the government collects taxes or sells

Q12: Depositors must send their customers the amount

Q13: Personal checking accounts tend to be more

Q15: While demand deposits have about the same

Q16: Interest-bearing checking accounts,on average,tend to generate lower

Q17: A customer has a savings account for

Q18: _ is a way of pricing deposit

Q19: Under the Truth in Savings Act,customers must