Success Tips Success Tips D FOR YOU ly Tools or Principles of 8. Quantitative easing True or False: The government securities purchased by the Federal Reserve ("the Fed") for quantitative easing have a shorter term than the government bonds the Fed purchases in normal open-market operations. True O False The purchase of Treasury bills by the Federal Reserve is an aspect of Fed can use when the federal funds rate is zero. monetary policy, the expansionary version of which the 2