If the Account Manager Does Not Use a Federal Reserve

question 86

Multiple Choice

If the account manager does not use a Federal Reserve repurchase agreement or a matched sale-purchase transaction in carrying out open market operations, he will use

• A)an outright purchase or sale.
• B)a limited-duration purchase or sale.
• C)an indirect purchase or sale.
• D)a reverse duration purchase or sale.

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Definitions:

Sugar

A sweet-tasting, soluble carbohydrate found in many plants and used as a sweetener in food and beverages.

Price Elasticity

A gauge of the degree to which demand for a merchandise reacts to alterations in its price, showing how susceptible the amount demanded is to changes in price.

Specific Tax

Tax of a certain amount of money per unit sold.

Consumers

Individuals or groups who are the final users of products and services generated within an economy.