Which of the following are policy tools used by the Federal Reserve?
I. the federal personal income tax
Ii. open market operations
Iii. changing the required reserve ratio
A) ii only
B) ii and iii
C) i, ii, and iii
D) iii only
E) i only
Correct Answer:
Verified
Q38: Excess reserves are the
A)same as the required
Q39: If the Fed purchases securities in the
Q40: When we put a price tag on
Q41: If the desired reserve ratio increases, then
A)banks
Q42: A bank has $250 in checking deposits,
Q44: The monetary base is the
A)sum of government
Q45: A currency drain is cash--------------------and has--------------------
Q46: If the desired reserve ratio is 7
Q47: Which of the following is NOT a
Q48: New money is created in the U.S.
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