Which banking act phased out deposit rate ceilings?
Garn-St Germain Act
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:
Federal deposit insurance:
The specified maximum deposit amount per depositor of a single bank insured by the FDIC is currently
The moral hazard problem is minimized when deposit insurance premiums are:
zero (not imposed by the FDIC).
the same percentage of assets for all banks.
set at a fixed percentage of assets for large banks, and is zero for small banks.
set at a percentage of assets that is based on the bank’s risk level.
Which of the following was
a provision of DIDMCA?
The _______ is the fund used to cover insured depositors.