Although neither nor the is officially set by the

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27) Although neither _____ nor the _____ is officially set by the Federal Open Market Committee, decisions concerning these policy tools are effectively made by the committee. A) margin requirements; discount rate B) margin requirements; federal funds rate C) reserve requirements; discount rate D) reserve requirements; federal funds rate Answer: C 28) Although the Federal Open Market Committee does not have formal authority to set _____ and the _____, it does possess the authority in practice. 29) Which of the following are true statements? 76
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30) The Federal Open Market Committee consists of 31) The Federal Reserve entity that determines monetary policy strategy is the A) Board of Governors. B) chairman of the Board of Governors. C) Federal Open Market Committee. D) Shadow Open Market Committee. Answer: C 32) Which of the following are true statements? 33) Designers of the Federal Reserve Act of 1913 had not intended for the Fed to use
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