4 Questions
Which of the following is added to M2 to arrive at M3?
Large time deposits
Which of the following actions of the Federal Reserve Board (FRB) would likely have the effect of causing interest rates to increase? I. The Federal Open Market Committee (FOMC) buying securities Il. Raising the reserve requirements III. Raising the discount rate IV. Raising the prime rate
Il and III
Which of the following rates is set by the Federal Reserve?
Discount rate
The Federal Reserve Board was established by
the Federal Reserve Act of 1913
Test your knowledge on monetary aggregates by identifying what is added to M2 to arrive at M3.
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