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Within the activity of sterilization, defensive purchases or sales of government securities by the Federal Reserve are a. open-market operations undertaken during periods in which

Within the activity of sterilization, "defensive" purchases or sales of government securities by the Federal Reserve are

a.

open-market operations undertaken during periods in which the United States has been at war.

b.

open-market operations that are undertaken to prevent other factors from bringing about undesired changes in the monetary base.

c.

open-market operations directed specifically at effecting net decreases in the monetary base.

d.

open-market operations directed specifically at effecting net increases in the monetary base.

e.

open-market operations directed toward initiating monetary policy

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