El Quetzal El Quetzal El Quetzal () is a municipality in the San Marcos department of Guatemala. It was recognised as municipality on 19th of June 1900. The major source of income is the agriculture. "La Inmaculada Concepción" (English:The Immaculate Conception") parish in La Reforma municipality was founded on 1 January 1956 and originally served both La Reforma and El Quetzal municipalities. Its first priest was father Jaime López, a Franciscan, who led the parish until 5 March 1958. His successor was father Juan Bartolomé Bueno, who was in charge until 31 July 1960, when father Pedro López Nadal, from Spain, took
Monetary policy of the United States out of circulation. Purchasing treasury securities increases the monetary base (because it pays out hard currency in exchange for accepting securities). Secondly, the discount rate can be changed. And finally, the Federal Reserve can adjust the reserve requirement, which can affect the money multiplier; the reserve requirement is adjusted only infrequently, and was last adjusted in 1992. In practice, the Federal Reserve uses open market operations to influence short-term interest rates, which is the primary tool of monetary policy. The federal funds rate, for which the Federal Open Market Committee announces a target on a regular basis, reflects one of