Which of the following variables is likely to serve as an intermediate target for monetary policy?

Question

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The money supply is a variable that can be directly influenced by monetary policy tools such as open-market operations, making it a commonly used intermediate target for monetary policy. The central bank can control the money supply by adjusting the amount of reserves in the banking system through its purchases and sales of government securities on the open market. In contrast, the inflation rate and unemployment rate are ultimate targets of monetary policy, meaning they are affected by changes in intermediate targets like the money supply.

Which of the Following Variables Is Likely to Serve as an Intermediate