Which of statements below is correct about the way that the Federal Reserve's monetary policy tools interact with money markets & bond markets? (Select all that apply; 3 of the answers below are correct.

Group of answer choices

The Federal Reserve has direct control over the interest rate at which companies can borrow in the corporate bond market.

The Federal Reserve engages in sale & repurchase agreements (ie, repos & reverse repos).

The Federal Reserve has direct control over the interest rate on commercial paper.

The Federal Reserve has direct control over the interest rate at which state & local governments can borrow in the municipal bond market.

The Federal Reserve buys & sells treasury bonds in the open market (ie, from primary dealers or commercial banks).

The Federal Reserve can manipulate the Fed Funds Rate by controlling both the discount rate and interest on reserve balances.

The Federal Reserve buys treasury bonds directly from the US government when they are issued, and has the authority to determine how much debt the U.S. government issues.