A provision of the Dodd-Frank Act of 2010 revised the Federal Reserve Act to
A) allow the Fed to make loans to investment banks.
B) allow the Fed to make loans to any individual,partnership,or corporation in unusual and exigent circumstances.
C) restrict the Fed's ability to make loans except to commercial banks.
D) allow the Fed to buy commercial paper issued by nonfinancial firms.
Correct Answer:
Verified
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Q225: Expansionary monetary policy will result in
A)lower interest
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Q229: Deflation refers to
A)a decrease in the rate
Q230: Disinflation refers to
A)a decrease in the price
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Q232: One criticism of the Fed's policy of
Q233: Forward guidance refers to central banks
A)setting long-term
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