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Defensive Open-Market Transactions Represent Day-To-Day Activities of the Fed and Include

Question 109

Multiple Choice

Defensive open-market transactions represent day-to-day activities of the Fed and include all of the following except:


A) Stabilizing the money and capital markets
B) Avoiding sharp changes in interest rates
C) Avoiding sharp changes in credit conditions
D) Fine-tuning adjustments to keep the financial system operating smoothly
E) Sustainable economic growth

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