The Banking Acts of 1933 and 1935
A) established the Federal Reserve System.
B) increased central control of the Federal Reserve System.
C) eliminated the authority of the Board of Governors to set reserve requirements.
D) made the Secretary of the Treasury a member of the Board of Governors.
B
You might also like to view...
Which of the following observations concerning money market mutual funds is not true? a. They are interest-earning accounts provided by brokers
b. They are considered to be near money. c. Depositors are allowed to write checks against their accounts. d. These funds are invested in long-term securities.
Which of the following correctly describes the profit-maximizing level of output selected by a monopolistically competitive firm in the short run?
a. Output is set in the short run where marginal cost equals price. b. Output is set in the short run where marginal cost equals marginal revenue. c. Firms will shut down in the short run even if price exceeds average variable cost at the rate of output selected by the firm. d. Firms will shut down in the short run even if price equals marginal cost.