If the FOMC's Directive Indicates a Change in Monetary Policy

question 56

Multiple Choice

If the FOMC's directive indicates a change in monetary policy, the account manager at the Fed's Open Market Trading Desk must

• A)design dynamic open market operations.
• B)design defensive open market operations.
• C)seek approval of the change from the Secretary of the Treasury.
• D)seek approval of the change from a majority of the presidents of the Federal Reserve district banks.

---

Definitions:

Conquest

Is the forcible capture of land and the economic and political domination of its inhabitants.

Stories

Narratives or accounts of a series of events, real or imaginary, told for entertainment, education, or moral lessons.

International Organizations

Entities established by treaties between sovereign states that aim to facilitate cooperation in international law, security, economic development, or social equity.

Macrostructures

are overarching patterns of social relations that lie outside and above a person’s circle of intimates and acquaintances. Macrostructures include classes, bureaucracies, and power systems, such as patriarchy.