Which of the following statements is most correct? ?
A) The FOMC is more successful at keeping the market rate closer to the target rate than the ECB until the Fed began paying interest on reserves.?
B) The ECB is more successful at keeping the market rate closer to the target rate than the FOMC until the Fed began paying interest on reserves .?
C) The ECB and FOMC are equally successful at keeping the target rate in range.?
D) The ECB seldom has the market rate close to the target rate.
Correct Answer:
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