How effective would Federal Reserve policy be on the interest rate in its conduct of open market operations if the money supply were nearly perfectly elastic?

Name: How effective would Federal Reserve policy be on the interest rate in its conduct of open market operations if the money supply were nearly perfectly elastic?
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The Answer of How effective would Federal Reserve policy be on the interest rate in its conduct of open market operations if the money supply were nearly perfectly elastic?

How Effective Would Federal Reserve Policy Be on the Interest