The basic policy instruments that the Fed uses to execute monetary policy include all of the following EXCEPT
A. changing reserve requirements
B. changing the discount rate
C. conducting open market operations
D. all of the above are monetary policy instruments
Answer:D
The basic policy instruments that the Fed uses to execute monetary policy include all of the following EXCEPT
A. changing reserve requirements B. changing the discount rate C. conducting open market operations D. all of the above are monetary policy instruments