When did the Fed first begin to use open market operations as a policy tool?
A) the 1920s
B) the 1930s
C) the 1960s
D) the 1980s

Question

Quizplus · Accepted Answer

The Federal Reserve first began to use open market operations as a policy tool in the 1920s. This method involves the buying and selling of government securities in the open market to influence the level of reserves in the banking system, thereby affecting interest rates and the overall economy.

When Did the Fed First Begin to Use Open Market