2008 CFA Level 1 － Sample 样题(3)－Q29 include, central, effective, government, class

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29、In order to implement a more expansionary monetary policy, would an effective strategy for a government's central bank include:

       selling the government's securities?    raising reserve requirements?

A.   No  No

B.    No  Yes

C.   Yes  No

D.   Yes  Yes

A. Answer A

B. Answer B

C. Answer C

D. Answer D

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答案和详解如下：

29、Correct answer is A

"Money, Banks, and the Federal Reserve," Michael Parkin

2008 Modular Level I, Vol. 2, pp. 364-366

Study Session 6-24-e

explain the goals of the U.S. Federal Reserve (Fed) in conducting monetary policy and how the Fed uses its policy tools to control the quantity of money, and describe the assets and liabilities on the Fed's balance sheet

Selling government securities and raising reserve requirements would both serve to decrease the supply of money, which would be inconsistent with implementing a more expansionary monetary policy.

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