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Which Statement Is True

Question 282

Multiple Choice

Which statement is true?


A) The Fed failed to perform its lender of last resort job after the emergency created by the terrorist attacks on 9/11.
B) Thanks to the Check Clearing for the 21st Century Act,the use of checks as a medium of exchange should disappear within a few years.
C) The Chinese government and central bank has a significant influence over long-term interest rates in the U.S.
D) The Fed changes the federal funds rate in exactly the same manner in which it changes the discount rate.

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