__________________ become the most important and effective means of monetary and credit control.
A)Changing reserve requirements has
B)Changing the discount rate has
C)Open market operations has
D)Changing the Treasury bill rate has
E)none of the above

Question

Quizplus · Accepted Answer

Open market operations, which involve the buying and selling of government securities by the central bank, are considered the most important and effective means of monetary and credit control. By adjusting the supply of money in the economy, the central bank can influence short-term interest rates and promote economic stability. Changing reserve requirements, changing the discount rate, and changing the Treasury bill rate are all tools that can be used by central banks, but they are generally considered to be less powerful or flexible than open market operations.

__________________ Become the Most Important and Effective Means of Monetary