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Which of the following statements accurately describes the Fed's control of discount policy?
A) It controls discount policy more completely than it controls open market operations.
B) It must abide by discount rates set by Congress.
C) It controls discount policy less completely than it controls open market operations.
D) It controls discount policy completely, just as it controls open market operations.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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