THE FED ACCIDENTALLY DISCOVERED OPEN MARKET OPERATIONS WHEN (A) IT...

63) - TEST BANK CHAPTER 18 CONDUCT OF MONETARY POLICY GOALS AND TARGETS TÀI CHÍNH TIỀN TỆ
TEST BANK CHAPTER 18 CONDUCT OF MONETARY POLICY GOALS AND TARGETS TÀI CHÍNH TIỀN TỆ
63) The Fed accidentally discovered open market operations when (a) it came to the rescue of failing banks in the early 1930s, and found that its purchases of bank loans injected reserves into the banking system. (b) it purchased securities for income and found that its purchases injected reserves into the banking system. (c) it attempted to slow inflation in 1919 by selling securities and found that its sales drained reserves from the banking system. (d) none of the above occurred. Answer: B Question Status: Previous Edition