Start learning →

The number of tools the Federal Reserve uses to manage the money supply is:

A5
B3
C2
D4
Answer & Solution
Correct answer: B. 3
1. Open market operations are the first. 2. Reserve requirements and the discount rate complete the set. 3. So there are 3 tools. _Source: OpenStax Introduction to Business 2e, Chapter 15, Understanding Money and Financial Institutions._
Practise this question with Quill — BBI (Bachelor of Banking & Insurance) →

Keep practising Money and Financial Institutions

Browse all Money and Financial Institutions questions for BBI (Bachelor of Banking & Insurance), or explore more Finance topics.

Start a Money and Financial Institutions lesson →
Related questions