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:

UI

An abbreviation often standing for "User Interface," which refers to the means by which a user interacts with a computer, website, or application.

Simp

In internet slang, a simp is someone who does too much for a person they like, but in mathematical contexts, simp could refer to a simplification of an expression or equation.

Add

To combine one quantity with another to find the total or sum.

MT

In logic, Modus Tollens, a valid argument form where if 'P implies Q' is true and 'Q' is false, then 'P' must also be false.