The Fed Uses Operating Targets as Well as Intermediate Targets

question 37

Multiple Choice

The Fed uses operating targets as well as intermediate targets because

• A)the Federal Reserve Act of 1913 requires it to do so.
• B)the Fed controls intermediate targets only indirectly.
• C)the public is much more unfamiliar with the variables used as operating targets, so for policy to be effective intermediate targets must also be announced.
• D)if one set of targets proves ineffective in attaining policy goals, the other set is available.

Identify and describe significant architectural monuments and their functions.

Understand the process and techniques involved in manuscript painting and sculpture production.

Recognize the significance of historical and cultural symbols within South and Southeast Asian art.

Identify key artists and their contributions to South and Southeast Asian art traditions.

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Definitions:

WTO

The World Trade Organization, an international body aimed at promoting and facilitating global trade and resolving trade disputes.

Globalization

The method through which companies or various organizations expand their influence globally or begin to function at an international level.

Exports

Commodities or services sent overseas for the objective of being sold or traded.

Opportunity Cost

The cost of an alternative that must be foregone in order to pursue a certain action. Essentially, the benefits you could have received by taking an alternative action.