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Which of the following policy changes would be considered a conventional monetary policy change? -Announcing a firm policy to conduct large scale open market purchases
Which of the following policy changes would be considered a conventional monetary policy change?
-Announcing a firm policy to conduct large scale open market purchases in the future.
-An open market sale of securities to increase the fed funds rate.
-Federal Reserve lending through the Term Auction Facility
-Purchases of long-term securities to lower long-term interest rates.
Which of the following policy changes would be considered an unconventional monetary policy change?
-An open market purchase of securities to decrease the fed funds rate.
-An decrease in reserve requirements to decrease the fed funds rate.
-Announcing a firm policy to conduct large scale open market purchases in the future
-An open market sale of securities to increase the fed funds rate.
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
