When Did the Fed First Begin to Use Open Market

question 40

Multiple Choice

When did the Fed first begin to use open market operations as a policy tool?

• A) the 1920s
• B) the 1930s
• C) the 1960s
• D) the 1980s

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Definitions:

Subcontracts

Contracts awarded by a primary contractor to a third party for completing part of the work required in a main contract.

Construction Procurement

The process of acquiring labor, materials, equipment, and services necessary for the construction of a new building or infrastructure.

Make or Buy

A decision-making process involving an analysis on whether to produce a product in-house or to purchase it from an external supplier.

Core Competencies

Unique abilities or advantages that a company or an individual possesses, setting them apart from competitors and contributing to their success and value.