Which of the following did not contribute to the passage of Depository Institutions Deregulation and Monetary Control Act (DIDMCA) in 1980?

Question

Quizplus · Accepted Answer

Low interest rates did not contribute to the passage of DIDMCA in 1980. The other factors listed, such as inflation, technological advances, and a volatile financial environment, created a need for banking regulation reform. Low interest rates, by themselves, would not have been a significant enough factor to drive the passage of this act.

Which of the Following Did Not Contribute to the Passage