Why did the Federal Reserve feel it was necessary to create the term auction facility?

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Money, Banking, Financial Markets and Institutions

ISBN: 978-0538748575

1st edition

Authors: Michael Brandl

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Question Posted: Jun 21, 2019 07:26 AM

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Why did the Federal Reserve feel it was necessary to create the term auction facility?

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The Fed would announce how much it planned to auction and a mi...View the full answer

Money, Banking, Financial Markets and Institutions

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