The Monetary Control Act of 1980 extended the Fed's authority to:

Question

Quizplus · Accepted Answer

The Monetary Control Act of 1980 gave the Fed the authority to impose required-reserve ratios on all depository institutions, which was previously only applied to member banks. This allowed the Fed to have greater control over the money supply and interest rates. Choices B and C were already within the Fed's authority prior to the act, and the act did not address choice D.

The Monetary Control Act of 1980 Extended the Fed's Authority