Open-Market Operations Are Carried Out Between the Open Market Desk

question 15

Multiple Choice

Open-market operations are carried out between the Open Market Desk of the Fed and

• A)foreign central banks.
• B)the U.S.government.
• C)citizens residing in the U.S.
• D)primary government securities dealers.

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Definitions:

Durbin-Watson Statistic

A measure used in statistics to detect the presence of autocorrelation in the residuals from a regression analysis.

First-Order Autocorrelation

First-order autocorrelation is a statistical measure indicating the correlation between values in a time series and their immediate predecessors.

Durbin-Watson D Statistic

A statistical tool designed to determine the existence of first-lag autocorrelation in the residuals of a regression analysis.

Regression Analysis

A statistical method for investigating the relationship between a dependent variable and one or more independent variables.