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FINRA Series 7 Exam Prep

Category - Series 7

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Which of the following is the least important method of money control exercised by the Federal Reserve?

reserve requirements
open market operations
discount rate
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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FINRA Series 7 Exam Prep

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