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Which of the Following Are Reasons That Caused the Fed

question 20

Multiple Choice

Which of the following are reasons that caused the Fed to abandon its practice of setting money supply targets?
I. expiration of the legislation requiring the Fed to do so
II. banking deregulation in the 1980s allowing for MMDAs
III. financial development of retail sweep programs

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Definitions:

Life Estate

A property interest that lasts for the life of the holder, allowing use of the property for their lifetime but not the right to sell it.

Property Rights

The rights and entitlements relating to the ownership and use of land and other forms of property.

Legal Formalities

Specific procedures or requirements prescribed by law for validating contracts, agreements, or other legal instruments.

Testator

An individual who has made a will or testament to bequeath their estate upon their death.

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