The Federal Reserve has direct control over:
A) the monetary base.
B) M1.
C) M2.
D) checkable deposits.

Name: The Federal Reserve has direct control over: A) the monetary base. B) M1. C) M2. D) checkable deposits.
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Question

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The Federal Reserve has direct control over the monetary base, which includes currency in circulation and reserves held by banks. M1, M2, and checkable deposits are all influenced by the actions of the Federal Reserve, but they are not directly controlled by the Fed.

The Federal Reserve Has Direct Control Over