What new tool of monetary policy did the Federal Reserve get in October, 2008?
The ability to target the Federal-funds rate
The power to pay interest on bank reserves.
The right to tax excess reserves.
The ability to close banks that were engaged in financial speculation
What does the term "open-market operations" mean to an economist?
The reduction in trade barriers among nations
The globalization of the provision of services
The purchase and sale by the Federal Reserve of financial assets
The use of anti-trust law to reduce monopoly and increase competition