The Monetary Control Act of 1980 :
A law, formerly titled the Depository Institutions Deregulation and Monetary Control Act of 1980, that gave the Federal Reserve System greater control over nonmember banks and made all financial institutions more competitive.
1. The authority of the Fed over nonmember depository institutions was increased.
2. All depository institutions are able to borrow loan reserves from Federal Reserve banks.
3. The act allows commercial banks, thrifts, money market mutual funds, stock brokerage firms, and retailers to offer a wide variety of banking services.
4. The act eliminated all interest rate ceilings.
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Deciding if a company will produce automobiles by robotics or manual labor answers the economic question of
A) how will the products be produced. B) who consumes the products produced. C) where will the products be consumed. D) what products will be produced.
Refer to Figure 18.2. After trade and specialization begin, the maximum amount of fishing poles that Macadamia can consume is
A) 40. B) 100. C) 120. D) 160.
Which EU country has NOT adopted the euro?
A) Germany B) France C) Denmark D) Greece
In an open economy (as compared to a closed one, without international trade)
A. monetary policy is weaker, fiscal policy is more powerful B. fiscal policy is weaker, monetary policy is more powerful C. both monetary and fiscal policy are more powerful D. both monetary and fiscal policy are weaker