The Fed Accidentally Discovered Open Market Operations When

question 1

Multiple Choice

The Fed accidentally discovered open market operations when

• A)it came to the rescue of failing banks in the early 1930s,and found that its purchases of bank loans injected reserves into the banking system.
• B)it purchased securities for income following the 1920-1921 recession.
• C)it attempted to slow inflation in 1919 by selling securities and found that its sales drained reserves from the banking system.
• D)it reinterpreted a key provision of the Federal Reserve Act.

---

Definitions:

Non-Western Cultures

Cultures that are not derived from European or American origins, often emphasizing different values, traditions, and social structures.

Social Role Theory

The assertion that minor gender differences are exaggerated by the different social roles that males and females occupy.

Gender Differences

The distinctions between males and females that can be biological, psychological, or social in nature.

Social Role Theory

A theory that suggests gender differences are socially constructed and arise from the distribution of men and women into different roles in society.