Statement I: One Key Provision of the Depository Institutions Deregulation

Multiple Choice

Statement I: One key provision of the Depository Institutions Deregulation and Monetary Control Act of 1980 was that all depository institutions were now subject to the Fed's legal reserve requirements.
Statement II: According to the same act all thrift institutions were barred from issuing checking accounts.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.