Link to article:

https://research.stlouisfed.org/publications/page1-econ/2021/09/17/teaching-the-linkage-between-banks-and-the-fed-r-i-p-money-multiplier

Question 5 Not yet answered Points out of 1.00 Flag question Use this document to answer questions 5-6 Until 2008, the primary monetary policy tool was open-market operations. What replaced open-market operations as the Fed's primary monetary policy tool? Select one: QA U.S. Treasury Security Rate (OB. reserve balances @C. monetary transmission (QD. reserve requirements OE. interest on reserve balances (IORB) rate Clear my choice Question 6 Not yet answered Points out of 1.00 Flag question This is one of the reasons given for the irrelevance of the Money Multiplier: Select one: OA, The Fed eliminated reserve requirements in March 2020 (OB. Commercial banks no longer fall under Federal Reserve jurisdiction (OC. Banks do not make loans with profits, risks, and regulatory considerations firmly in mind (@D. Banking reserves are scarce Clear my choice