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)i only
B)ii only
C)iii only
D)ii and iii
E)i,ii,and iii

Question

Quizplus · Accepted Answer

The Federal Reserve uses open market operations and changing the required reserve ratio as policy tools. The federal personal income tax is a tool used by the federal government, not the Federal Reserve.

Which of the Following Are Policy Tools Used by the Federal