One significant feature of DIDMCA was that it
A) expanded the ability of the Fed to influence unemployment rates.
B) expanded Fed control over the reserve requirements of non-member banks.
C) created the FDIC.
D) eliminated regulation Z.

Question

Quizplus · Accepted Answer

DIDMCA expanded Fed control over the reserve requirements of non-member banks, giving the Fed greater influence over the money supply and monetary policy. While the FDIC was also created around the same time, it was not a direct provision of DIDMCA. Regulation Z, which regulates consumer credit, was not eliminated by DIDMCA either.

One Significant Feature of DIDMCA Was That It