Examlex
Which of the following is an incorrect statement?
Money Demanded
The total amount of money that households and businesses wish to hold at any given interest rate, at a specific time.
Federal Funds Rate
The interest rate at which banks lend reserves to each other overnight, serving as a key monetary policy tool of the Federal Reserve.
Open-Market Operations
The purchase and sale of U.S. government bonds by the Fed.
Fed
Short for the Federal Reserve System, the central banking system of the United States responsible for monetary policy.
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