Which banking act phased out deposit rate ceilings a

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Chapter 18 / Exercise 12
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28. Which banking act phased out deposit rate ceilings? A) McFadden Act B) Glass-Steagall Act C) DIDMCA D) Garn-St Germain Act ANSWER: C
29. The argument that interstate banking would allow banks to grow and more fully achieve a reduction in operating costs per unit of output as output increases is based on:
30. Federal deposit insurance:
31. The specified maximum deposit amount per depositor of a single bank insured by the FDIC is currently $_______.
32. The moral hazard problem is minimized when deposit insurance premiums are: A) zero (not imposed by the FDIC). B) the same percentage of assets for all banks. C) set at a fixed percentage of assets for large banks, and is zero for small banks. D) set at a percentage of assets that is based on the bank’s risk level. ANSWER: D
33. Which of the following was not a provision of DIDMCA?
34. The _______ is the fund used to cover insured depositors.
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Chapter 18 / Exercise 12
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Chapter 18/Bank Regulation 172 C) growth fund D) none of these ANSWER: A 35. _______ is not a rating criterion used by the FDIC.
36. The uniform global capital requirements mandated a minimum level of Tier 1 capital, which primarily consists of funds obtained from: A) issuing commercial paper and bonds. B) retaining earnings and issuing commercial paper. C) retaining earnings and issuing common stock. D) issuing bonds and common stock. ANSWER: C
37. The International Banking Act of 1978:

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