Which of the following serves as the Federal Reserve's operating target for achieving its monetary policy initiatives? a. The discount rate b. The fed funds rate c. Market interest rates d. Monetary aggregates Which of the following statements is true concerning the use of Federal Reserve facilities created during the U.S. Financial Crisis and the Coronavirus Economic Crisis? a. In both cases, the Fed had moved beyond its historic role of lending to troubled commercial banks b. During the Financial Crisis, the Fed backstopped banks, other financial institutions, and financial markets c. During the Coronavirus Economic Crisis, the Fed used facilities to fund public corporations and private businesses d. Each of these answers is correct