The Monetary Control Act of 1980:
A. extended the Fed's authority to impose required-reserve ratios on all depository institutions.
B. excluded the required-reserve ratios as an instrument of short-term policy.
C. provided the Fed with the authority to use open market operations.
D. closed or sold ailing savings and loan institutions.
Answer: A
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What will be an ideal response?
According to the law of increasing opportunity cost, as a society (a)_____________ more and more of a certain good, further production (b)________________ involve ever-greater opportunity costs, so that producing the good is associated with greater and greater (c)_____________________.
Fill in the blank(s) with the appropriate word(s)
If demand is unit-elastic throughout the demand curve, then total revenues are
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Firms whose central business is to offer security advice and buy and sell individual stocks and bonds for clients are known as:
A. thrifts. B. pension fund companies. C. securities firms. D. insurance companies.