18. Open market operations refers to: A) Congressional oversight over Federal Re

Question

18. Open market operations refers to: A) Congressional oversight over Federal Reserve market operations. B) the Federal Reserve's buying and selling of U.S. government treasury securities. C) the banking system's rule that all of its operations must be subject to public audits. D) the idea that the buying and selling of securities must be done in public. E) the Fed's actions that are done under public scrutiny 19. Prior to the Great Depression, the predominant goal of U.S. fiscal policy was: A) to balance the budget and keep expenditures to a minimum. B) to fight inflation C) to fight unemployment D) to maintain an international balance of trade E) to maximize tax revenues.

Explanation / Answer

18.

Open market operations refers to:

B) the Federal Reserve's buying and selling of U.S. government treasury securities.

This is because in case of open market operations, the Federal Reserve buys and sells U.S. securities to common people.

19.

Prior to the Great Depression, the predominant goal of U.S. fiscal policy was:

A) to balance the budget and keep expenditure to a minimum.

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