Multiple Choice
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
Correct Answer:
Verified
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