Which of the following are true statements?
A) The FOMC usually meets every six weeks to set monetary policy.
B) The FOMC issues directives to the trading desk at the New York Fed.
C) Designers of the Federal Reserve Act did not envision the use of open market operations as a monetary policy tool.
D) All of the above are true statements.
E) Only A and B of the above are true statements.
Correct Answer:
Verified
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