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Quiz
· Monetary Policy and the Federal Reserve
· 11 of 19
Principles of Macroeconomics
Knowledge Check
Question 1 of 6
What is quantitative easing?
a.
When the Fed swaps money with banks for assets other than treasury bills.
b.
When the Fed changes the federal funds rate more slowly, so as to prevent a sudden shock to the economy.
c.
Open market operations that happen overnight at the Fed’s sole discretion.
d.
The Fed’s new ability to set interest rates directly, without having to go through transactions with banks.
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