Which of the following laws increased competition among financial institutions and gave the Fed greater control over nonmember banks?

Question

Quizplus · Accepted Answer

The Monetary Control Act of 1980 increased competition among financial institutions and gave the Federal Reserve greater control over nonmember banks. The Federal Reserve Act, the Equal Credit Opportunity Act, and the Thrift Bailout Bill did not have as significant an impact on competition and control as the Monetary Control Act.

Which of the Following Laws Increased Competition Among Financial Institutions