When It Comes to Choosing an Policy Instrument,both the ________

question 65

Multiple Choice

When it comes to choosing an policy instrument,both the ________ rate and ________ aggregates are measured accurately and are available daily with almost no delay.

• A)three-month T-bill;monetary
• B)three-month T-bill;reserve
• C)federal funds;monetary
• D)federal funds;reserve

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Definitions:

Implied Trust

A trust formed by the law from the conduct or circumstances of the parties involved, rather than by explicit written agreement.

Created

Brought into existence or formed out of nothing.

Testamentary Capacity

The legal ability of a person to make a valid will, usually involving being of sound mind and of certain age.

Testator

An individual who has made a will or testament in which they name one or more persons to manage their estate and provide for the transfer of their property at death.