Which of the following is NOT a tool available to the Fed to change the supply of money?

Name: Which of the following is NOT a tool available to the Fed to change the supply of money?
Brand: Quizplus
Rating: 4.9 (58 reviews)

Question

Quizplus · Accepted Answer

The income tax rate is not a tool available to the Fed to change the supply of money. While the Fed can use open market operations, the required reserve ratio, and the discount rate to influence the money supply, changes to the income tax rate fall under the jurisdiction of the federal government and the taxation system.

Which of the Following Is NOT a Tool Available to the Fed