Which of the following is true about the Monetary Control Act of 1980?
A. It placed credit unions, mutual savings banks, and nonmember banks under regulatory institutions other than the Fed.
B. It deregulated the banking industry.
C. It further restricted the Federal Reserve's control of the banking system.
D. It reduced the distinction between different types of depository institutions.
Answer: D
You might also like to view...
What do economists call the situation where a hired manager does not have the same interests as the owners of the business?
A) a financial intermediary problem B) a principal-agent problem C) conquest and control D) a financial problem
Refer to Figure 15-15. Erickson Power is a natural monopoly because
A) average total cost is still declining when it intersects demand. B) of its continually declining marginal revenue curve as output rises. C) it is a power company and all power companies are natural monopolies. D) its marginal cost lies entirely below its long-run average cost.