Tuesday, July 14, 2009

To implement changes in monetary policy, the Federal Reserve may do any of the following EXCEPT?

To implement changes in monetary policy, the Federal Reserve may do any of the following EXCEPT



A. lower the interest rate on consumer credit



B. raise the discount rate on loans made to banks



C. increase income tax rates for large corporations



D. decrease the reserve requirements for commercial banks



To implement changes in monetary policy, the Federal Reserve may do any of the following EXCEPT?loan officer





C. Increase income tax rates for large corporations.



I believe congress would need to legislate this; and that the President would need to sign such legislation. Not a very likely scenario in the next 2 years.

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