"Banging the gong" means that the Fed
A) has lowered the discount rate and raised the fed funds target rate.
B) has raised the discount rate and lowered the fed funds target rate.
C) changes the discount rate and the fed funds target rate simultaneously.
D) sells securities in the open market.
Correct Answer:
Verified
Q252: What would be the effect on U.S.interest
Q253: Statement I: Very large banks have to
Q254: Statement I: Before January,2008,banks had no incentive
Q255: Statement I: The reserve requirement for time
Q256: In 2010,the person most responsible for our
Q258: Monetary policy to avert the Great Recession
Q259: Statement I: Under the Depository Institutions Deregulation
Q260: When the Federal Reserve buys U.S.government securities
Q261: If a bank has no excess reserves,the
Q262: The Federal Reserve Board of Governors
A)will lower
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents