The Depository Institutions Deregulation and Monetary Control Act of 1980 accomplished which one of the following reforms?
A) Established a uniform set of reserve requirements for all depository institutions.
B) Established maximum and minimum interest rates which depository institutions were permitted to pay on checkable deposits.
C) Shifted to the United States Treasury the responsibility for setting the discount rate.
D) Provided presidential veto power over setting reserve requirements.
Correct Answer:
Verified
Q23: All of the nation's financial institutions came
Q24: Commercial banks are required by law to
Q25: When the Fed buys United States bonds,
A)excess
Q26: Which of the following Federal Reserve Banks
Q27: The reserve requirement ratio is equal to
A)required
Q29: The Federal Open Market Committee is made
Q30: The Board of Governors of the Federal
Q31: Statement I: The president basically makes monetary
Q32: The Federal Reserve System was NOT
A)established with
Q33: During the course of a bad recession
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