FROM LATE 1992 UNTIL FEBRUARY 1994, THE FED KEPT THE FEDERAL FUND...

108) From late 1992 until February 1994, the Fed kept the federal funds interest rate (a) targeted at a constant 6 percent. (b) targeted at a constant 5 percent. (c) targeted at a constant 3 percent. (d) within a narrow band between 5 and 6 percent. (e) within a narrow band between 3 and 4 percent. Answer: C Question Status: Previous Edition