CHAPTER 1

In the early and mid-1980s, what was the primary measure of money that the Fed used in the execution of monetary policy? a. DNFD. b. M2. c. M3. d. M1. ANSWER: d . 35. Which is used as a measure of transactions money? a. DNFD. b. M2. c. M1. d. M3. ANSWER: c . 36. During the late 1980s, which measure gained importance to the Fed? a. M1. b. Large-denomination time deposits. c. Short-term … ................
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