How did the Fed's conduct of open market operations change during the economic crisis of 2008?
a. Open market operations are no longer the most common tool that the Fed utilizes.
b. The Fed now buys and sells a broader range of assets than only government securities.
c. The Federal Open Market Committee cannot act without the approval of the Treasury.
d. The Fed now must have adequate funds available before purchasing government securities.
B
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A) to facilitate transactions B) to reduce risk C) to have liquidity D) all of the above
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Of all industrialized nations, real GDP per capita was the highest in Japan in 2014
Indicate whether the statement is true or false
Improvements in labor productivity
A) affect the level of wages, but do not affect the rate of economic growth. B) affect the level of profit, but do not affect the rate of economic growth. C) hinder economic growth, because they cause unemployment. D) contribute to economic growth.