Federal Reserve policy tools include all of the following EXCEPT
A) excess reserve ratios.
B) last resort loans.
C) open market operations.
D) required reserve ratios.

Name: Federal Reserve policy tools include all of the following EXCEPT A) excess reserve ratios. B) last resort loans. C) open market operations. D) required reserve ratios.
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Question

Quizplus · Accepted Answer

Excess reserve ratios are not a tool used by the Federal Reserve. The correct tools include: last resort loans, open market operations, and required reserve ratios.

Federal Reserve Policy Tools Include All of the Following EXCEPT