Determine whether the following statements are True, False or Uncertain.

Group of answer choices

The only way that the Fed can affect the level of borrowed reserves is by adjusting the discount rate.

[ Choose ] Uncertain True False

Because inflation targeting focuses on achieving the inflation target, it will lead to excessive output fluctuations.

[ Choose ] Uncertain True False

The federal funds rate can never be below the interest rate paid on excess reserves.

[ Choose ] Uncertain True False

Discount loans are no longer needed because the presence of the FDIC eliminates the possibility of bank panics

[ Choose ] Uncertain True False