__________ removed many of the regulations established during the Great Depression. It phased out Regulation Q interest rate ceilings, established uniform and universal reserve requirements, increased the assets and liabilities that depository institutions could hold, authorized NOW accounts, and suspended usury ceilings.

Question

Quizplus · Accepted Answer

The only act mentioned that removed regulations during the Great Depression and phased out interest rate ceilings, established reserve requirements, increased allowable assets and liabilities, authorized NOW accounts, and suspended usury ceilings is the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA).

__________ Removed Many of the Regulations Established During the Great