Which of the Following Are Duties of the Board of Governors

question 83

Multiple Choice

Which of the following are duties of the Board of Governors of the Federal Reserve System?

• A) Setting margin requirements, the fraction of the purchase price of securities that has to be paid for with cash.
• B) Setting the maximum interest rates payable on certain types of time deposits under Regulation Q.
• C) Regulating credit with the approval of the President under the Credit Control Act of 1969.
• D) None of the above has been a duty of the Board since the mid-1980s.

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Definitions:

Legislation

The act of making or enacting laws, often through a governmental body or legislative assembly.

Legal Trouble

Situations or circumstances that result in legal proceedings, disputes, or potential consequences under law.

Enacted By Congress

Legislation that has been officially passed and made into law by the legislative body of the United States, the Congress.

ADA

Stands for Americans with Disabilities Act, a civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life.