Regulation Q

question 65

Multiple Choice

Regulation Q

• A)prohibited interstate banking.
• B)placed ceilings on allowable interest rates on time and savings deposits.
• C)required all banks to hold reserves against demand deposits.
• D)broadened the basis on which the Fed could make discount loans.

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Definitions:

Credit

Credit is the ability to obtain goods or services before payment, based on the trust that payment will be made in the future.

Incidental Damages

Compensation for additional, unforeseen expenses incurred due to the breach of a contract or agreement.

Widgets

Generic term often used to refer to any product or manufactured item, especially an unspecified one.

Reload

refers to the act of replenishing or restoring something, often used in the context of software, ammunition, or web pages.