Open Market Operations

question 95

Multiple Choice

Open market operations:

• A)are used infrequently
• B)are a prime source of income for the U.S.economy
• C)are used by the Fed to alter bank reserves
• D)none of the above

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Definitions:

Population Mean

The average value of all the elements in a population, representing a central measure of tendency for the distribution of values.

Christmas Trees

In the oil and gas industry, an assembly of valves, spools, and fittings used on a wellhead to control the flow of oil and gas.

Differential Cost

The difference in cost between two alternative decisions, or a change in cost from one period to the next.

Incremental Cost

The additional cost that a company incurs when producing one more unit of a product.