Central banksthe Fed, the Bank of Japan, the European Central Bank, the Peoples Bank of China, and
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Central banks—the Fed, the Bank of Japan, the European Central Bank, the People’s Bank of China, and others—have bought trillions of dollars of bonds. The Fed alone has bought $4 trillion worth.
What are the Fed’s policy tools and which policy tool did the Fed use to increase its assets to $4 trillion?
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The Feds policy tools are the required reserve ratio discount rate open mar...View the full answer
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