AP Macroeconomics Question 451: Answer and Explanation

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Question: 451

14. Monetary tools of the Federal Reserve do not include which of the following choices?

  • A. Buying Treasury securities from commercial banks
  • B. Changing tariffs and quotas on imported goods
  • C. Changing the reserve ratio
  • D. Changing the discount rate
  • E. Selling Treasury securities to commercial banks

Correct Answer: B

Explanation:

B-The Fed does not make changes in tariff and quota policy.