The Monetary Control Act of 1980

question 29

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) closed or sold ailing savings and loan institutions.

---

Definitions:

Large Fine

A significant monetary penalty imposed as punishment for a violation or infringement of laws or regulations.

Handicapped Space

Parking spaces reserved for individuals with disabilities, marked by specific signs.

Happy Hours

A marketing term for a period of time in which a public venue, such as a restaurant or bar, offers discounts on alcoholic drinks and sometimes food.

Undesirable Behavior

Actions or responses that are considered inappropriate, harmful, or not in accordance with societal norms or expectations.