Question

The power the Federal Reserve has to control credit terms on some loans made by banks and other lending institutions is called ______ controls. Group of answer choices selective credit selective debit secure credit demand credit interbank feedback

Answer 1

The power the Federal Reserve has to control credit terms on some loans made by banks and other lending institutions is selective credit.

What is selective credit?

This refers to the policy of Central Bank related to selective sectors of economy.

It controls the credit terms on some loans made by banks and other lending institutions. This power, called selective credit controls, includes consumer credit rules and margin requirements.

Hence, the power the Federal Reserve has to control credit terms on some loans made by banks and other lending institutions is selective credit.

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