Which of the following is one of the Fed's policy tools? One of the Fed's policy tools is _______. A. the discount rate, which is the interest rate at which the Fed stands ready to lend reserves to commercial banks B. the required reserve ratio, which equals 3 percent on checkable deposits and 10 percent on savings deposits C. the open market operations, which are purchase of government securities from the government D. the monetary base, which is the sum of coins and Federal Reserve notes
Which of the following is one of the Fed's policy tools? One of the Fed's policy tools is _______. A. the discount rate, which is the interest rate at which the Fed stands ready to lend reserves to commercial banks B. the required reserve ratio, which equals 3 percent on checkable deposits and 10 percent on savings deposits C. the open market operations, which are purchase of government securities from the government D. the monetary base, which is the sum of coins and Federal Reserve notes
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: The Monetary System
Section: Chapter Questions
Problem 5CQQ
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Which of the following is one of the Fed's policy tools?
One of the Fed's policy tools is _______.
the discount rate, which is the interest rate at which the Fed stands ready to lend reserves to commercial banks
the required reserve ratio, which equals 3 percent on checkable deposits and 10 percent on savings deposits
the open market operations, which are purchase of government securities from the government
the monetary base, which is the sum of coins and Federal Reserve notes
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