The Fed's Two Main Monetary Policy Targets Are

question 30

Multiple Choice

The Fed's two main monetary policy targets are

• A)the money supply and the inflation rate.
• B)the money supply and the interest rate.
• C)the interest rate and real GDP.
• D)the inflation rate and real GDP.

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Definitions:

Performance Obligation

A duty or task that a company must execute to transfer goods or services to a customer under the terms of a contract.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board.

Accrual

The accounting principle of recording revenues and expenses when they are incurred, regardless of when cash transactions occur.

Contra Asset

A balance sheet account used to reduce the value of related asset accounts to report their net value; examples include accumulated depreciation or allowance for doubtful accounts.