Question

Negotiable Order of Withdrawal (NOW) accountsinterest-bearing savings accounts that can be used essentially the same as checking accountswere authorized by:

A. Glass-Steagall Act.

B. Depository Institutions Deregulation and Monetary Control Act (DIDMCA).

C. Bank Holding Company Act.

D. Garn-St. Germain Depository Institutions Act.

E. None of the options is correct.

Answer

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