Which of the following is an example of unconventional monetary policy?
a. the Federal Reserve selling T-bills
b. the Federal Reserve decreasing the discount rate
c. the Federal Reserve purchasing mortgage-backed securities
d. none of the above
c
You might also like to view...
Bank capital is
A) the current market value of the bank's physical assets. B) the historical or original value of the bank's physical assets. C) the capital contributed by the bank's shareholders plus accumulated retained profits. D) the sum of the value of the bank's assets plus the value of the bank's liabilities.
Which of the following statements is correct?
a. Both tax avoidance and tax evasion are legal. b. Both tax avoidance and tax evasion are illegal. c. Tax avoidance is legal, whereas tax evasion is illegal. d. Tax avoidance is illegal, whereas tax evasion is legal.