The Regulatory Agency That Sets Reserve Requirements for All Banks

question 95

Multiple Choice

The regulatory agency that sets reserve requirements for all banks is

• A)the Federal Reserve System.
• B)the Federal Deposit Insurance Corporation.
• C)the Office of Thrift Supervision.
• D)the Securities and Exchange Commission.

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Definitions:

Master Gland

A term commonly used to describe the pituitary gland, due to its primary role in controlling other glands and regulating critical body functions.

Target Glands

Glands that are the direct sites of hormone action or secretion in the endocrine system.

Hormones

Chemical messengers produced by the endocrine glands that regulate various functions within the body.

Endocrine Glands

glands of the endocrine system that secrete their products, hormones, directly into the blood rather than through a duct.