Multiple Choice
The Banking Act of 1980 resulted in which of the following?
A) All depository institutions had uniform reserve requirements.
B) The number of financial institutions began to decline due to key bank legislation in that year.
C) It was easier for the Federal Reserve to control the money supply.
D) Both commercial banks and thrift institutions could issue checking accounts.
E) All of the choices were results of the Banking Act of 1980.
Correct Answer:
Verified
Correct Answer:
Verified
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