Which of the Following Is TRUE of the Fed's Credit

question 309

Multiple Choice

Which of the following is TRUE of the Fed's credit policy?

• A) The Fed has implemented a credit policy since 1914.
• B) Today about 40 percent of the Fed's asset holdings are related to its conduct of credit policy.
• C) The Fed's credit policy is extended only to U.S. financial institutions.
• D) The Fed's objective for its credit policy is to reduce the federal funds rate.

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