Prior to 1980, member banks left the Federal Reserve System due to
A) the high cost of discount loans.
B) the high cost of required reserves.
C) a desire to avoid interest rate regulations.
D) a desire to avoid credit controls.
Answer: B
Prior to 1980, member banks left the Federal Reserve System due to
A) the high cost of discount loans.
B) the high cost of required reserves.
C) a desire to avoid interest rate regulations.
D) a desire to avoid credit controls.
Answer: B