FINRA Series 7 Exam Prep

Category - Series 7

Which of the following is the least important method of money control exercised by the Federal Reserve?
  1. reserve requirements
  2. open market operations
  3. discount rate
  4. Regulation T
Explanation
Answer: D - Regulation T. Because this regulates brokers extending credit to customers, it is important to the securities industry but does not have an extensive effect on the general economy.
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