Which of the Following Tools of Monetary Policy Has Not

question 48

Multiple Choice

Which of the following tools of monetary policy has not been used since 1992?

• A) Interest on reserves.
• B) The reserve ratio.
• C) Open-market operations.
• D) The federal funds rate.

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Definitions:

Subordinates

Refers to employees or team members who are lower in hierarchical position or rank compared to their supervisors or managers.

Delegation

The assignment of authority and responsibility from one person to another to carry out specific activities while the former remains accountable for the outcome.

Competency

The ability to do something successfully or efficiently.

Policy-Making Councils

Groups or bodies that are responsible for the development and formulation of guidelines, rules, or regulations.