It is the responsibility of the Trading Desk at the Federal Reserve Bank of New York to implement policies in the form of
A) changes in the spread between the federal funds rate and the discount rate that are consistent with rules established by the twelve Federal Reserve bank presidents.
B) variations in reserve requirements that are consistent with the announcements by the Chair of the Fed's Board of Governors.
C) changes in foreign exchange rates that are consistent with policies established by the Secretary of the Treasury.
D) buying or selling government securities that are consistent with the FOMC Directive.
D
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In the long run, the economic profits for a monopolistically competitive firm will be
A. slightly more than the profits of a purely competitive firm. B. the same as the profits for a purely competitive firm. C. the same as the profits for a monopolist. D. slightly less than the profits of a monopolist.
Refer to the scenario above. What is likely to be the impact on Firm B's sales if none of the firms decide to sponsor the event?
A) A 7% increase in sales B) A 0% increase in sales C) A 2% increase in sales D) A 10% increase in sales
Apply the concept of tax smoothing to the debate over tax-based versus spending-based fiscal stimulus
What will be an ideal response?
The law of comparative advantage suggests that
What will be an ideal response?