The Monetary Control Act:
A. extended the Fed’s control to thrift institutions and non-member commercial banks
B. has resulted in more competition among depository institutions
C. increased federal deposit insurance from $40,000 to $80,000 for each account
D. established minimum capital requirements for banks with federal charters
Answer:A
The Monetary Control Act:
A. extended the Fed’s control to thrift institutions and non-member commercial banks B. has resulted in more competition among depository institutions C. increased federal deposit insurance from $40,000 to $80,000 for each account D. established minimum capital requirements for banks with federal charters