All of the Following Occurred Under the Restructuring of the Fed

question 158

Multiple Choice

All of the following occurred under the restructuring of the Fed in the 1930s,except one.Which is the exception?

• A)the FOMC was created to conduct open-market operations
• B)the Board of Governors was given the power to change member bank reserve requirements
• C)the Fed's power was centralized to give it greater monetary control
• D)the Fed was expanded to include all depository institutions as members
• E)the Fed could buy and sell securities