Which of the Following Is True of the Fed's Credit

Multiple Choice

Which of the following is true of the Fed's credit policy?

A) The Fed has implemented a credit policy since 1914.
B) Today about 40 percent of the Fed's asset holdings are related to its conduct of credit policy.
C) The Fed's credit policy is extended only to U.S. financial institutions.
D) The Fed's objective for its credit policy is to reduce the federal funds rate.