What is the Monetary Control Act (MCA)?

The Monetary Control Act was passed in 1980 and gave the Federal Reserve greater control over banks.
Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Latest posts by Financial Source Team (see all)

The Monetary Control Act was passed in 1980 in the U.S and greatly reformed the banking system. The Monetary Control Act gave the Federal Reserve greater control over banks and introduced the deregulation of loan interest rates charged by institutions. Also the Negotiable Order of Withdrawal accounts was created and offered nationwide.

0 0 vote
Article Rating

ARTICLE SEARCH

CATEGORIES

TRADE WITH AN EDGE

A Financial Source subscription is just $97 per month. Cancel in two clicks.
*Limited offer. Normally $247.
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments