The switch to flexible exchange rates in 1973 has made the effect of monetary policy on net exports a ________ important component of the monetary policy multiplier process, and thus has ________ the effectiveness lag

Which of the following is a bank asset?

A) checkable deposits B) savings deposits C) borrowings in the federal funds market D) cash items in the process of collection

What unusual measures did the Fed take in trying to reduce long-term interest rates during the Financial Crisis of 2007-2009?

A) buying mortgage-backed securities issued by Fannie Mae and Freddie Mac B) reducing the federal funds rate multiple times C) issuing its own securities D) eliminating the discount rate on loans to member banks