The Changes Implemented by the Fed in January 2003 to Its

question 91

Multiple Choice

The changes implemented by the Fed in January 2003 to its discount window lending

• A)decreased the cost of borrowing.
• B)eased the terms of borrowing.
• C)terms of borrowing became less flexible.
• D)resulted in reduction of outstanding discount loan volumes.
• E)None of the options.

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Definitions:

Pay Increases

Adjustments made to employees' salaries to reward performance, match inflation, or position the company competitively in the job market.

360-Degree Appraisals

A feedback method in which an employee's performance is evaluated by a variety of people including supervisors, peers, and direct reports, often including a self-assessment.

Self-Evaluations

The process by which individuals assess and reflect upon their own performance, abilities, and qualities.

Development Needs

Refers to the requirements for improvement and growth in personnel, skills, and abilities in a professional context.