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The Depository Institutions Deregulation and Monetary Control Act established minimum capital requirements for banks with federal charters. established a system of central banks. increased federal

The Depository Institutions Deregulation and Monetary Control Act

established minimum capital requirements for banks with federal charters.

established a system of central banks.

increased federal deposit insurance from $

40, 000

to $

80, 000

for each account.

has resulted in more competition among depository institutions.

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