10. The ______ is responsible for the open market operations of the Federal Reserve Bank. a. SEC b. ISDA c. FOMC d. NYSE

11. Money Markets are short-term, _______________, instruments used primarily for ______________ of corporations and financial institutions. a. 3 years or less; long term financing. b. 1 year or less; liquidity needs. c. 1 year or less; meeting reserve requirements. d. 2 years or less; price stability.