Reserves held at the Fed are: kept exclusively in the form of gold bars kept in

Question

Reserves held at the Fed are: kept exclusively in the form of gold bars kept in a secure vault in Waslwigion, DC. Mostly held by banks in Panama. Ecuador and H Salvador electronic claims that can be converted into currency if the bank wishes When conducting monetary policy and open market operations, the Federal Reserve specifically establishes a target for what variable? The federal funds rate The prime rate The rate of inflation The desired reserve ratio of banks Which of the following are concerns regarding expansionary fiscal policy. i.e the increase in government spending and decreases in taxes. It will cause deflation It will decrease wages it will create an asset bubble it will increase budget deficts and the national debit Monetary policy for the United States is conducted by Select one The Federal Reserve The Federal government state and local governments The international Monetary Fund (IMF)

Explanation / Answer

1. (b) kept in a secure vault in Washington, DC

2. (d) The desired reserve ratio of banks

3. (d) It will increase budget deficits and the national debt

4. (a) The Federal Reserve

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