Which of the following is NOT an accurate description of open market operations prior to 2008?

Question

Quizplus · Accepted Answer

Open market operations prior to 2008 typically involved the buying and selling of short-term Treasury securities to influence the market for bank reserves and control the federal funds rate. The Fed did not typically engage in buying and selling of long-term securities as part of its open market operations strategy.

Which of the Following Is NOT an Accurate Description of Open