Regulation Q allowed the Fed to impose:
A) Geographical restrictions on branch banking.
B) Interest rate ceilings on deposit accounts.
C) Capital requirements for commercial banks.
D) Permissible activities for commercial banks.
E) None of the above.

Question

Quizplus · Accepted Answer

Regulation Q, which was part of the Banking Act of 1933, allowed the Federal Reserve to set maximum interest rates that banks could pay on deposits, including savings and checking accounts. This was intended to limit competition for deposits among banks.

Regulation Q Allowed the Fed to Impose