Which of the following statements accurately describes the Fed's control of discount policy?
A) It controls discount policy more completely than it controls open market operations.
B) It must abide by discount rates set by Congress.
C) It controls discount policy less completely than it controls open market operations.
D) It controls discount policy completely, just as it controls open market operations.
C
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A natural monopoly
a. is a monopoly in the production of raw materials. b. occurs when one firm can supply the entire market more cheaply than can a number of firms. c. is one result of a patent. d. results from decreasing returns to scale.
A monopolist faces the market demand curve
a. True b. False Indicate whether the statement is true or false
The ____ is at the center of the market process
A) managers B) shareholders C) entrepreneur D) none of these choices.
When a large, well-known corporation wishes to borrow directly from the public, it can
a. sell bonds. b. sell shares of stock. c. go to a bank for a loan. d. All of the above are correct.