A Central Feature of Monetary Policy Strategies in All Countries

question 95

Multiple Choice

A central feature of monetary policy strategies in all countries is the use of a nominal anchor,which is a nominal variable that monetary policymakers use as an

• A)operating target,such as the federal funds interest rate.
• B)intermediate target,such as the federal funds interest rate.
• C)intermediate target to achieve an ultimate goal such as price stability.
• D)operating target to achieve an ultimate goal such as exchange rate stability.

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Definitions:

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