Which of the following is correct?
a. The Fed has very good control over the money supply and bank reserves.
b. The Fed has very poor control over the money supply and bank reserves.
c. The Fed has very good control over bank reserves but not over the money supply.
d. The Fed has very good control over the money supply but not over bank reserves.
c
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A situation where limited resources make it impossible to fulfill all of our wants is known as
A) scarcity. B) opportunity cost. C) a trade-off. D) responding to incentives.
The secondary market for bonds is
a. where new issues of bonds are purchased b. of less importance to our economy than is the primary market c. of less importance to our economy than the stock market d. where bonds that were issued in previous periods are purchased e. a key determinant of the money supply