The Tools of Monetary Policy Are

question 121

Multiple Choice

The tools of monetary policy are

• A) open market operations, differential between the discount rate and the federal funds rate, and tax rates.
• B) open market operations, government spending, and the required reserve ratio.
• C) open market operations, differential between the discount rate and the federal funds rate, and the required reserve ratio.
• D) government spending, tax rates, and the required reserve ratio.

---

Definitions:

Western Gold Fields

Areas in the western United States, particularly in California and Alaska, where gold was discovered in the 19th century, leading to gold rushes and significant migration.

Seasonal Workers

Individuals who are employed in temporary jobs that correspond to certain seasons of the year, often in agriculture, tourism, and holiday-related industries.

Crédit Mobilier

A scandal of the 1870s involving high-ranking members of the U.S. Congress and the Crédit Mobilier of America company, linked to construction fraud during the building of the Union Pacific Railroad.

Whiskey Ring

A scandal in the 1870s involving government officials and distillers in the United States who conspired to defraud the government of taxes on whiskey.