The Garn–St. Germain Depository Institutions Act, among other things:
A. extended the Fed’s control to thrift institutions and to commercial banks that are not members of the Fed
B. enabled depository institutions to issue money market accounts with no regulated interest rate ceiling
C. was designed to assist the investment banking industry
D. all the above
Answer:B
The Garn–St. Germain Depository Institutions Act, among other things:
A. extended the Fed’s control to thrift institutions and to commercial banks that are not members of the Fed B. enabled depository institutions to issue money market accounts with no regulated interest rate ceiling C. was designed to assist the investment banking industry D. all the above