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Between January and November of 2001, the FOMC Reduced the Target

question 44

Multiple Choice

Between January and November of 2001, the FOMC reduced the target federal funds rate from 6½ to 1¾.A reason for this was that the FOMC:


Definitions:

Rainfall

The amount of rain that falls over a specific area in a given period of time, often measured in millimeters.

Average

A statistical measure representing the central or typical value in a set of data, calculated primarily as the mean, median, or mode.

Total

It refers to the whole amount, quantity, or number of something, considered without divisions or exceptions.

Relative Frequency

The ratio of the number of times a particular event occurs to the total number of trials or instances.

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