Question 2 3 pts The following are true about the U.S. Monetary Control Act 1980: 1. Introduced interest rate ceilings at depository institutions so banks and thrifts would compete for depositors' funds, increasing the pool of savings, and helping financial markets function more smoothly. II. Imposed uniform reserve requirements on all depository institutions such as banks and thrifts. III. Applied reserve requirements to all depository institutions and provided the Federal Reserve an important tool to achieve desired changes in the money supply to fight inflation and help stabilize the economy. I and II are true. I and III are true. O I, II and III are true. None of the answers are true. O II and III are true