Which of the Following Tools of Monetary Policy Has Not

question 21

Multiple Choice

Which of the following tools of monetary policy has not been used since 1992?

• A)paying interest on excess reserves
• B)the reserve ratio
• C)open-market operations
• D)the federal funds rate

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Definitions:

Culture

The shared beliefs, values, norms, and practices that characterize a group of people, shaping their behavior and understanding of the world.

Symbols

Visual, verbal, or written signs or objects that represent or stand for something else, often conveying ideas, concepts, or values.

Beliefs

Acceptance by the mind that something is true or real, often underpinned by an emotional or spiritual sense of certainty.

Norms

Established standards of behavior or guidelines that are considered normal within a group or society.