Open-Market Operations Are Such a Powerful Tool of Monetary Policy

question 147

True/False

Open-market operations are such a powerful tool of monetary policy that they are seldom used.

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Definitions:

Abbreviations

Shortened forms of words or phrases used to save space or avoid repetition.

Q.D.

A medical abbreviation for "quaque die," which means once a day; used in prescriptions to indicate the frequency of medication intake.

IU

International Units, a measurement used to quantify vitamins, hormones, some medications, vaccines, and similar biologically active substances.

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