Which of the Following Statements Accurately Describes the Fed's Control

question 129

Multiple Choice

Which of the following statements accurately describes the Fed's control of discount policy?

• A) It controls discount policy more completely than it controls open market operations.
• B) It must abide by discount rates set by Congress.
• C) It controls discount policy less completely than it controls open market operations.
• D) It controls discount policy completely, just as it controls open market operations.

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