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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 59
Circle the letter that corresponds to the best answer. The Depository Institutions Deregulation and Monetary Control Act of 1980 had three key provisions, one of which was ___________.
A) uniform reserve requirements for all financial institutions
B) zero reserve requirements for all time deposits
C) that no interest may be paid on checkable deposits
D) that vault cash would no longer count toward reserves
A) uniform reserve requirements for all financial institutions
B) zero reserve requirements for all time deposits
C) that no interest may be paid on checkable deposits
D) that vault cash would no longer count toward reserves
Explanation
Verified
Verified
The Act had three key provisions:
• All ...
Macroeconomics 11th Edition by Stephen Slavin
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