Which one of the following transactions or operations is entirely at the initiative of the Federal Reserve?

Question

Quizplus · Accepted Answer

Open market operations involve the buying and selling of government securities by the Federal Reserve, and are entirely at its initiative. The other options (change in float, change in bank borrowings, change in Treasury cash holdings) involve actions taken by other entities (such as banks or the Treasury Department) that may or may not be influenced by the Federal Reserve, but are not directly initiated by the Fed.

Which One of the Following Transactions or Operations Is Entirely