Monetary Control Act

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Definition: Monetary Control Act

Monetary Control Act
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Full Definition of Monetary Control Act

A two-title act enacted in 1980 that amended the manner in which the banking industry operated by deregulating the interest rates paid by banks, revising reserve and deposit requirements, and raising the Federal Insurance Deposit Corporation (FDIC) insurance protection from $40,000 to $100,000 per account.

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March 07, 2025 https://payrollheaven.com/define/monetary-control-act/.
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Monetary Control Act. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/monetary-control-act/ (accessed: March 07, 2025).
American Psychological Association (APA):
Monetary Control Act. PayrollHeaven.com. Retrieved March 07, 2025
, from PayrollHeaven.com website: https://payrollheaven.com/define/monetary-control-act/

Definition Sources

Definitions for Monetary Control Act are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.