The Fed's Open Market Operations Normally Involve Only the Purchase

Multiple Choice

The Fed's open market operations normally involve only the purchase of government securities,particularly those that are short-term. However,during the crisis,the Fed started new programs to purchase

A) mortgage-backed securities and long-term Treasuries.
B) mortgage-backed securities and Treasury bills.
C) commercial papers and short-term Treasuries.
D) Treasury bills and Treasury notes.