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Question 2 (10 marks / Central Banks and Conduction of Monetary Policy) Classify each of the following as either an operating target or an intermediate

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Question 2 (10 marks / Central Banks and Conduction of Monetary Policy) Classify each of the following as either an operating target or an intermediate target of the Federal Reserve, and explain your answer. a. The three-month Treasury bill rate b. The monetary base (4 marks) (3 marks) (3 marks) c. Mi

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