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ECON102 QUIZ 2 UPDATED Actual Exam Questions and CORRECT Answers $7.99   Add to cart

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ECON102 QUIZ 2 UPDATED Actual Exam Questions and CORRECT Answers

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  • Course
  • ECON102
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  • ECON102

ECON102 QUIZ 2 UPDATED Actual Exam Questions and CORRECT Answers FOMC - CORRECT ANSWER- is part of the Federal Reserve System discount rate. - CORRECT ANSWER- is the interest rate charged by the Federal Reserve Banks when lending to banks

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  • September 21, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ECON102
  • ECON102
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MGRADES
ECON102 QUIZ 2 UPDATED Actual
Exam Questions and CORRECT Answers
FOMC - CORRECT ANSWER✔✔- is part of the Federal Reserve System



discount rate. - CORRECT ANSWER✔✔- is the interest rate charged by the Federal Reserve
Banks when lending to banks.


open market operations - CORRECT ANSWER✔✔- when the Federal Reserve buys or sells
government securities, it is using the tool of monetary policy known as


excess reserves - CORRECT ANSWER✔✔- if a bank chooses to hold more reserves than
regulations require, we say that the bank is holding


(A+B) changing required reserve ratios, buying or selling securities in the open market -
CORRECT ANSWER✔✔- which of the following qualifies as a potential Federal Reserve
monetary policy action


federal funds rate. - CORRECT ANSWER✔✔- interest rate on short-term loans, between
financial institutions.


repurchase agreements - CORRECT ANSWER✔✔- Federal reserve uses what in
implementing monetary policy, when its objective is to have a temporary effect on bank
reserves


New York City - CORRECT ANSWER✔✔- the "trading desk" where the Federal Reserve's
open market trades are initiated, located in


monetary base - CORRECT ANSWER✔✔- the total of all currency in circulation, outside
banks


seasonal credit program - CORRECT ANSWER✔✔- only for fire emergency situations, as in
the case of a failing depository institution

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