The Depository Institutions Deregulation and Monetary Control Act:
A. established a system of central banks
B. has resulted in more competition among depository institutions
C. increased federal deposit insurance from $40,000 to $80,000 for each account
D. established minimum capital requirements for banks with federal charters
Answer:B
The Depository Institutions Deregulation and Monetary Control Act:
A. established a system of central banks B. has resulted in more competition among depository institutions C. increased federal deposit insurance from $40,000 to $80,000 for each account D. established minimum capital requirements for banks with federal charters