Which of the following statements is false?
A)The demand for reserve balances has decreased significantly in recent years due to the growth of retail sweep accounts.
B)The FOMC releases a statement following every meeting announcing any shifts in its view of upcoming economic developments.
C)The Fed can make an intermeeting policy change if the situation warrants it.
D)Intermeeting changes have been very frequent historically.

Question

Quizplus · Accepted Answer

Intermeeting changes by the Fed are relatively rare and have not been frequent historically. Most changes to monetary policy are made during regularly scheduled meetings of the FOMC.

Which of the Following Statements Is False