The Monetary Control Act of 1980 subjected
A)only member banks to the reserve requirements set by the Fed.
B)only S&Ls to the reserve requirements set by the Fed.
C)all depository institutions to the reserve requirements set by the Fed.
D)only national banks to reserve requirements set by the Fed.

Question

Quizplus · Accepted Answer

The Monetary Control Act of 1980 subject all depository institutions, including banks and savings and loan associations, to the reserve requirements set by the Federal Reserve. This was done to increase the Fed's control over the money supply and monetary policy. Option A, B, and D are incorrect as they only apply to specific types of depository institutions.

The Monetary Control Act of 1980 Subjected