an objective used to achieve some ultimate policy goal Match each term with its correct definition by placing the appropriate letter next to the corresponding number.
A. Federal Open Market K. foreign exchange Committee (FOMC) market intervention B. intermediate target L. sterilization C. equation of exchange M. transactions demand D. velocity of money for money E. quantity theory of money N. precautionary F. FOMC directive demand for money G. legal reserves O. speculative demand H. federal funds rate for money I. discount rate J. open market operations