One of the Tools of Monetary Policy Is to Change

Multiple Choice

One of the tools of monetary policy is to change the discount rate. Since 2003

A) the Fed has not changed the discount rate.
B) the Fed has pegged the discount rate to the reserve requirement.
C) the Fed has kept the discount rate a fixed amount above the federal funds rate.
D) the Fed has kept the federal funds rate one percentage point above the discount rate.