Question 6 One of the tools of monetary policy of the FOMC, the reserve requirements O allows banks to borrow and lend to each other at the discount rate O impacts the amount of deficit and excess reserves in the Federal Reserve System O is available only during emergencies O is a relatively recent innovation in the design of the Federal Reserve System

One of the tools of monetary policy of the FOMC, the reserve requirements allows banks to borrow and lend to each other at the discount rate impacts the amount of deficit and excess reserves in the Federal Reserve System is available only during emergencies is a relatively recent innovation in the design of the Federal Reserve System