The Monetary Control Act of 1980

question 123

Multiple Choice

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) all of the above.
• E) none of the above.

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Definitions:

Exporting

The business practice of selling goods or services produced in one country to buyers in another country.

Indirect Export

The process of selling goods or services to a foreign market through intermediaries, rather than directly to the end purchaser.

Japanese Distributors

Companies or individuals in Japan that distribute products or services from manufacturers to retail locations or directly to consumers within the Japanese market.

Exporting

The process of sending goods or services to another country for sale or trade.