The Primary Indicator of the Fed's Stance on Monetary Policy

question 107

Multiple Choice

The primary indicator of the Fed's stance on monetary policy is

• A)the discount rate.
• B)the federal funds rate.
• C)the growth rate of the monetary base.
• D)the growth rate of M2.

---

Definitions:

English Rule

A legal principle where the losing party in a lawsuit is required to pay the winning party's legal costs.

American Rule

A legal principle stating that each party in a lawsuit typically pays their own attorney's fees, regardless of who wins.

First-Assignment-In-Time Rule

A principle stating that, in case of a conflict, the rights to a property or asset are granted to the first party to receive assignment or claim to it.

Third-Party Beneficiary

A person or group that benefits from a contract made between two other parties, despite not being a direct party to the contract.