QUESTION 11 The Monetary Control Act of 1980 extended the Fed\'s authority to im
ID: 1121227 • Letter: Q
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QUESTION 11 The Monetary Control Act of 1980 extended the Fed's authority to impose required reserve ratios on all depository institutions e control the discount rate control the federal funds rate O all of these. QUESTION 12 The central bank of the United States is the: O Federal Reserve Banking System. O First National Bank O Comptroller's Bank O United States National Bank o U.S. Treasury Bank QUESTION 13 The conduct of monetary policy is the responsibility of commercial banks the U.S. Treasury the Federal Reserve System the Congress and the president QUESTION 14Explanation / Answer
11. the Monetary Control Act of 1980 allowed savings and loan associations to offer checking accounts, allowed more institutions to offer checking account services, created greater competition among various financial institutions. The Monetary Control Act of 1980 extended the Fed’s authority to impose required reserve ratio on all depository institutions.
Hence, the correct option is a. to impose required reserve ratio on all depository institutions.
12. The central bank of the United States is the Federal Reserve Banking System
13. The conduct of monetary policy in the United States is the main responsibility of the Federal Reserve.
Hence correct option is c. the Federal Reserve System
14. Liquidity is the ease with which an asset can be converted into the economy's medium of exchange
Hence the correct option is e. liquidity
15. Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money.
Hence the correct option is Barter
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