Historical Actions Indicate That the Fed's Primary Goal of Monetary

question 51

Multiple Choice

Historical actions indicate that the Fed's primary goal of monetary policy over the past 30 years has been to

• A) maintain high interest rates.
• B) keep employment rates low.
• C) limit the availability of consumer credit.
• D) prevent high rates of inflation.

---

Definitions:

Operating Lease

A lease agreement that allows for the use of an asset but does not convey rights of ownership of the asset.

Financial Lease

A long-term lease agreement that allows the lessee to use an asset while essentially assuming both the risks and benefits of ownership.

Lessor

The owner of an asset in a leasing agreement. The lessor receives payments from the lessee.

Insure

The act of protecting against loss, damage, or liability through a contract with an insurance company that compensates the insured in the event of specified types of loss.