Test corrections Pg 665 question 1

What is the bank the Government uses

• The government bank

• The Rothschild bank

• The central bank

• Credit union

1. The minimum interest rate set by the Federal Reserve for lending to other banks.

• interest rate

• loan

• discount rate

• payback

What does FOMC stand for

• Futurists unidirectional mother catcher

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• Federal open market committee

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Set of tools used by a nation's central bank to control the overall money supply and promote economic growth and employ strategies

• democracy

• government control

• Monetary policy

• open market

The money a company or individual keeps on hand to meet emergency funding needs

• Money

• bank

• reserve

• in the back

The purchase and sale of securities in the open market by a central bank

• auction

• Federal reserve

• Open Market Operations

• Closed market Operations