In 2008, the Fed Acquired a Fourth Tool of Monetary

question 349

Multiple Choice

In 2008, the Fed acquired a fourth tool of monetary policy, which is the

• A) open-market operation.
• B) discount rate.
• C) paying of interest on excess reserves held at Fed banks.
• D) reserve ratio.

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Definitions:

Working the Fields Communally

A form of agriculture where a community works together on shared land to plant, tend, and harvest crops, often seen in collective societies.

International Treaties

Formal agreements between countries that govern their relations, trade, and obligations towards each other.

House of Burgesses

The first legislative assembly of elected representatives in North America, established by the Virginia Company to allow colonists some measure of self-governance.

Self-Government

Self-government refers to a system wherein the people or its representatives possess the power to govern themselves without interference from external authorities.