Classify each of the following as either an operating target or an intermediate target, and explain why.

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Classify each of the following as either an operating target or an intermediate target, and explain why.
a. The three-month Treasury bill rate.
b. The monetary base.
c. M2

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:27 AM

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Classify each of the following as either an operating target or an intermediate target, and explain why.

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a The tenyear bond is an intermediate target because it is not directly affected by the tools ...View the full answer

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