In 2007,the Fed Began Using an Additional Monetary Policy Tool

question 148

True/False

In 2007,the Fed began using an additional monetary policy tool called the term auction facility program.

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Definitions:

Judicial Review

The power of courts to assess the constitutionality of legislative acts and governmental actions, and invalidate them if found unconstitutional.

Congressional Enactment

The process through which the U.S. Congress passes legislation into law.

Constitutionality

The quality of being in accordance with a country's constitution or being permissible under its supreme law.

Executive Order

An executive order is a directive issued by the President of the United States that manages operations of the federal government.