There was a very clear line of demarcation,which divided commercial banks and thrift institutions until the year

Question

Quizplus · Accepted Answer

The line of demarcation between commercial banks and thrift institutions was very clear until the 1980s. In 1980, the Depository Institutions Deregulation and Monetary Control Act was passed, which removed many of the restrictions on thrift institutions and allowed them to compete more directly with commercial banks. This led to a blurring of the lines between the two types of institutions.

There Was a Very Clear Line of Demarcation,which Divided Commercial