In Practice,the Fed's Policy of Targeting Money Market Conditions in the 1960s

question 74

Multiple Choice

In practice,the Fed's policy of targeting money market conditions in the 1960s proved to be

• A)countercyclical,helping to stabilize the economy.
• B)procyclical,destabilizing the economy.
• C)procyclical,helping to stabilize the economy.
• D)countercyclical,destabilizing the economy.

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Definitions:

Liable

Legally responsible or obligated, as in being held accountable for an action or in relation to a debt or infringement.

Charges

Fees or financial obligations imposed on an individual or entity for services, penalties, or debts.

Certified Check

A check guaranteed by a bank, verifying that the signer has enough funds available and that the signature is genuine.

Cashier's Check

A check issued by a bank, drawn on its own funds and signed by a cashier, guaranteeing payment.