The Bank Act of 1935 restructured the Federal Reserve System (FRS) in

The Bank Act of 1935 restructured the Federal Reserve System (FRS) in which of the following ways?

(a) The FRS Board of Governors gained discretionary control over bank reserves and margin requirements for loans against securities.
(b) The Governor’s Committee was renamed the Federal Open Market which was comprised of
12 members, 7 of whom were governors on the FRS Board.
(c) The secretary of the U.S. Treasury and comptroller of currency were removed from the
FRS Board.
(d) All of the above

ANSWER

(d)