Gold represents only a small portion of the Fed's assets, with the majority consisting of government securities and mortgage-backed securities. While gold may have historically played a significant role in the monetary system, it is not currently a major factor in the Fed's operations or monetary policy decisions.

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Gold Is

Question 20

Multiple Choice

Gold is:

A) The most important asset on the Fed's balance sheet
B) Extremely important as an asset for the Fed
C) A small portion of the Fed's assets
D) Very important for monetary policy in the U.S.

Correct Answer: