Which of the following was NOT part of the program of credit controls imposed by the Fed in March 1980?
A)Banks were requested to reduce their acquisition of funds from nondeposit sources.
B)A ceiling was placed on the interest rates paid on Treasury securities.
C)A surcharge of 3% was placed on some discount borrowing by large banks.
D)A special reserve requirement of 15% was placed on new money market mutual fund assets.

Question

Quizplus · Accepted Answer

A ceiling was not placed on the interest rates paid on Treasury securities as part of the credit controls imposed by the Fed in March 1980. The other options were part of the program of credit controls.

Which of the Following Was NOT Part of the Program