The Open Market Trading Desk is
A) another name for the Federal Open Market Committee.
B) an organization of private traders in government securities.
C) the area on the floor of the New York Stock Exchange set aside for bond trading.
D) linked electronically to a group of private securities firms that the Fed has selected to participate in open market operations.

Question

Quizplus · Accepted Answer

The Open Market Trading Desk is linked electronically to a group of private securities firms that the Fed has selected to participate in open market operations. This group of private securities firms executes the Fed's monetary policy by buying and selling government securities in the open market.

The Open Market Trading Desk Is