Briefly discuss the importance of the Depository Institutions Deregulation and Monetary Control Act of 1980.?

0 ⤊

Briefly discuss the importance of the Depository Institutions Deregulation and Monetary Control Act of 1980.?

2007-03-20 14:25:15 · 2 answers · asked by Anonymous in Social Science ➔ Economics

2 answers

The Depository Institutions Deregulation and Monetary Control Act, a United States federal financial statute law passed in 1980, gave the Federal Reserve greater control over non-member banks. Its main purpose was to force all banks to abide by the Fed's rules. It also allowed banks to merge. Its secondary purpose was to allow credit unions and savings and loans to offer checkable deposits.

2007-03-20 15:52:12 · answer #1 · answered by Answerer17 6 · 0⤊ 0⤋

Monetary Control Act Of 1980

2016-11-16 17:06:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋