In 1980, the Depository Institutions Deregulation and Monetary Control Act
A) gave the Board of Governors authority over reserve requirements.
B) established that country banks would have lower reserve requirements than urban banks.
C) established uniform reserve requirements for all depository institutions.
D) eliminated reserve requirements on demand deposits at S&Ls.
Correct Answer:
Verified
Q63: Reserve requirements
A)may be set by the FOMC
Q64: The Fed monitors reserve requirements
A)daily.
B)during two-week maintenance
Q65: As of 2006, what was the reserve
Q66: During the mid-to-late 1930s
A)the Fed cut reserve
Q67: The main way in which the Fed's
Q69: When did Congress first give the Board
Q70: If the federal funds rate was above
Q71: How does the reserve policy of the
Q72: All of the following are ways a
Q73: Under a 100% reserve system
A)banks could originate
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