The Federal Open Market Committee (FOMC)
A) determines the tax policy of the government.
B) influences the future growth of the money supply.
C) oversees all transactions on the stock market.
D) lends to the least credit-worthy customers.
B
Economics
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The monetary policy instrument the Federal Reserve chooses to use is the
A) federal funds rate. B) monetary base. C) fixed exchange rate. D) discount rate. E) flexible exchange rate.
Economics
The advantage of forward contracts over future contracts is that they
A) are standardized. B) have lower default risk. C) are more liquid. D) are more flexible
Economics