The Federal Reserve controls the money supply through all of the following actions EXCEPT
A) raising the percentage of funds members banks are required to hold in reserve.
B) raising the interest rate that member banks are charged when they borrow from the Federal Reserve.
C) lowering the percentage of funds members banks are required to hold in reserve.
D) lowering the interest rate that member banks are charged when they borrow from the Federal Reserve.
E) lowering the tax rate on individuals.
Correct Answer:
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