Which of the following monetary policy tools was introduced in 2008?
A)the discount rate
B)the federal funds rate
C)open-market operations
D)paying interest on excess reserves held at the Fed

Question

Quizplus · Accepted Answer

Paying interest on excess reserves held at the Fed was introduced in 2008 as a new tool to help the Federal Reserve manage the supply of money and influence interest rates.

Which of the Following Monetary Policy Tools Was Introduced in 2008