After the FOMC sets a target for the federal funds rate, how does the New York Federal Reserve Bank nudge the rate toward that target?
a. It begins the process of refinancing mortgages it holds.
b. It buys or sells securities.
c. It directs all nationally chartered banks to adjust their rates accordingly.
d. It holds a press conference.
e. It instructs Congress on drafting the appropriate funds rate bill.
ANS: B
Political Science
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An interest group needs to raise money for its ongoing political operations. Which method will be best suited to raise the required money?
a. gerrymandering b. income segmentation c. public funding d. levying membership dues
Political Science
Khomeini introduced the Sunni concept of ______________ to enhance the role of the state, allowing it to suspend important religious rulings in order to protect the public interest
a. qanun b. maslahat c. motalaq d. fedayin e. hadith
Political Science