The Four Main Tools of Monetary Policy Are

Multiple Choice

The four main tools of monetary policy are

A) tax-rate changes, the discount rate, open-market operations, and the federal funds rate.
B) tax-rate changes, changes in government expenditures, open-market operations, and interest on excess reserves.
C) the discount rate, the reserve ratio, interest on excess reserves, and open-market operations.
D) changes in government expenditures, the reserve ratio, the federal funds rate, and the discount rate.