Prior to the passage of the Depository Institutions Deregulation and Monetary Control Act many banks used to offer toasters or blenders to prospective customers to encourage them to open checking accounts. Can you think of a reason why this practice was so prevalent prior to the passage of this law but has completely faded away since?

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The Answer of Prior to the passage of the Depository Institutions Deregulation and Monetary Control Act many banks used to offer toasters or blenders to prospective customers to encourage them to open checking accounts. Can you think of a reason why this practice was so prevalent prior to the passage of this law but has completely faded away since?

Prior to the Passage of the Depository Institutions Deregulation and Monetary