The Depository Institutions Deregulation and Monetary Control Act passed by the Congress in 1980 led to:

Question

Quizplus · Accepted Answer

The Depository Institutions Deregulation and Monetary Control Act of 1980 removed several restrictions on financial institutions, leading to increased competition among them. This resulted in more options for consumers and ultimately led to a more efficient and accessible financial system. However, it did not involve the complete removal of any type of financial institution, such as thrift institutions or credit unions.

The Depository Institutions Deregulation and Monetary Control Act Passed by the Congress