As a result of the Monetary Control Act of 1980: there was less competition among various financial institutions. savings and loan associations were restricted to offering long-term loans. fewer institutions were permitted to offer checking account services. savings and loans paid higher interest rates on short-term deposits to compete for customers.

Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form