Which of the following is NOT one of the Fed's monetary policy tools?
A) the income tax rate
B) last resort loans
C) the required reserve ratio
D) buying and selling U.S. government securities

Question

Quizplus · Accepted Answer

The income tax rate is not one of the Fed's monetary policy tools. The Fed's monetary policy tools include last resort loans, the required reserve ratio, and buying and selling U.S. government securities. The income tax rate is determined by the federal government, specifically by Congress and the President.

Which of the Following Is NOT One of the Fed's