When Did the Fed First Begin to Use Open Market

question 23

Multiple Choice

When did the Fed first begin to use open market operations as a policy tool?

• A)The 1920s
• B)The 1930s
• C)The 1960s
• D)The 1980s

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Definitions:

Former Customer

A person or entity that previously purchased goods or services from a business but no longer does.

Competitor's Products

Goods or services offered by companies within the same industry that vie for the same customer base.

Office Supply

Products and equipment used in offices, including stationery, furniture, and electronic devices.

Unsalable Inventory

Products that cannot be sold due to lack of demand, damage, or obsolescence.