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:

Prompt Payment

The settlement of a bill or invoice on or before its due date.

Softball Equipment

The gear and accessories required for playing softball, such as bats, gloves, balls, and protective gear.

Net Accounts Receivable

The amount of money owed to a company by its customers for goods or services provided, after accounting for any allowances for doubtful accounts.

Allowance Method

An accounting technique used to estimate bad debts and adjust accounts receivable to reflect only receivables expected to be collected.