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 is correct.
Answer: C
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Members of the Federal Reserve Board of Governors are appointed for one fourteen-year term so that they:
A. Have time to learn how the Fed operates. B. Are more likely to make politically acceptable decisions. C. Make their decisions based on economic, rather than political, considerations. D. Have enough time to travel to all 12 regional banks.
Jack Dorsey is the Chief Executive Officer of Twitter as well as a member of Twitter's board of directors. Dorsey is therefore classified as an
A) independent director. B) inside director. C) unbiased director. D) outside director.