4. Classify each ofthe following as either an operating target or an intermediate target, and explain a.

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4. Classify each ofthe following as either an operating target or an intermediate target, and explain

a. The three-month Treasury bill rate

b. The monetary base

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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