Although Not Provided for in the Original Organization of the Fed

question 95

True/False

Although not provided for in the original organization of the Fed, open-market operations have become the most important and effective means of monetary control.

---

Definitions:

Kirchhoff's Laws

A set of two fundamental rules in electrical engineering that describe the conservation of current and energy in electrical circuits.

Kirchhoff's Voltage Law

A principle in electrical engineering that states the sum of electrical potential differences around any closed network is zero.

New Netherland

A 17th-century colonial province of the Dutch Republic that included parts of what are now the northeastern United States.

Hudson River

A river in New York, United States, known for its historical significance and beauty, running from the Adirondack Mountains to New York City.