Which of the following statements is true?
A) The Fed sets the discount rate, but Congress sets the conditions for the availability of discount loans.
B) The Fed sets the discount rate, but the Secretary of the Treasury sets the conditions for the availability of discount loans.
C) The Secretary of the Treasury sets both the discount rate and the conditions for the availability of discount loans.
D) The Fed sets both the discount rate and the conditions for the availability of discount loans.
Correct Answer:
Verified
Q55: Which of the following statements is NOT
Q56: The Fed
A)is obliged to make whatever discount
Q57: Temporary, short-term discount loans to banks in
Q58: Primary credit is only a backup source
Q59: Discount loans intended for banks that are
Q61: Between 1950 and 1980, the Fed adjusted
Q62: Which of the following statements is true?
A)Only
Q63: Reserve requirements
A)may be set by the FOMC
Q64: The Fed monitors reserve requirements
A)daily.
B)during two-week maintenance
Q65: As of 2006, what was the reserve
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