Passage of the Depository Institutions Deregulation and Monetary Control Act

Multiple Choice

Passage of the Depository Institutions Deregulation and Monetary Control Act of 1980

A) created uniform reserve requirements for all depository financial institutions.
B) resulted in an increase in the number of financial institutions in the United States.
C) discouraged the formation of big,nationwide,all-purpose financial institutions.
D) meant that vault cash would no longer count toward bank reserves.