The FOMC carries out its policies through directives to the bond-trading desk at the:

a. Federal Reserve Bank of Dallas.
b. Chicago Fed.
c. Federal Reserve of Philadelphia.
d. Los Angeles Fed.
e. Federal Reserve Bank of New York.

e

Economics

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Traveler's checks are included in

A) M1 only. B) M2 only. C) both M1 and M2. D) neither M1 nor M2.

Economics

"Inflation Targeting Rule" is a special case of a

A) Taylor Rule with zero weight on output. B) Taylor Rule with zero weight on inflation. C) Taylor Rule with an equal weight on output and inflation. D) Taylor Rule with different but positive weights on output and inflation.

Economics