1. On the Fed's Balance Sheet, _______ would be an asset.
government securities
stock issued by the Fed
currency in circulation
bonds issued by the president
2. Advantages of Fed Open Market Operations include _______.
quick implementation
it's not reversible
not flexible
3. Congress and regulators frequently adopt a policy of REGULATORY FORBEARANCE which means ________.
the problem is immediately brought to the forefront for quick action.
there is forbearance with urgency
they sidestep their responsibility by using band-aid tactics.