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True or False
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1
The Federal Reserve Bank is not accountable to any government institution.
A)True
B)False
2
The interest rate the Fed charges private banks for loans is the federal funds rate.
A)True
B)False
3
The Fed buys or sells Treasury bonds in the open market to influence the money supply.
A)True
B)False
4
The less you have to pay for a bond, the higher the yield.
A)True
B)False
5
The Monetary Control Act of 1980 attempted to increase the control of the Fed over the money supply.
A)True
B)False





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