__________ greatly expanded the lending powers of S&Ls and created money market deposit accounts.

Question

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The Garn-St. Germain Act is known for greatly expanding the lending powers of S&Ls and creating money market deposit accounts. The Depository Institutions Deregulation and Monetary Control Act (DIDMCA) and FDIC are also important laws related to banking, but did not have the same focus as the Garn-St. Germain Act. SAIF is the acronym for the Savings Association Insurance Fund, which was created to insure deposits in savings and loan associations but not directly related to the expansion of lending powers or creation of money market deposit accounts.

__________ Greatly Expanded the Lending Powers of S&Ls and Created