Please answer the following questions as soon as Possible

Choose the best accurate answer:

Q21. The information lag facing the Fed is the 1. delay in receiving accurate information about the state of the economy 2. difficulty of becoming informed quickly of changes in public opinion about which policy goal is most importal 3. time required for monetary policy changes to affect output,employment, and prices 4. delay in Congress and the President communicating their policy goals for the Fed to act on

Q22. For simple loans, the yield to maturity 1. is always greater than the specified simple interest rate 2. is always less than the specified simple interest rate 3. is always equal to the specified simple interest rate 4. may be less than, greater than, or equal to the specified simple interest rate, depending on

Q23. In 1931 the Fed increased the interest rate it charged on loans to banks to 1. spur residential construction 2. offset the negative impact on the economy of the federal budget deficit 3. raise funds to meet its expenses 4. protect its gold reserves

Q24. The money supply focuses on the monetary base rather than on bank reserves because 1. bank reserves have little connection to the money supply 2. banks are not required to report the level of their reserves, which makes it difficult for the Fed to use them to 3. the Fed has better control of the monetary base than it does bank reserves 4. bank reserves are difficult to measure

Q25. Unlike brokers, dealers 1. hold inventories of securities 2. are taxed by the federal government but not by state and local governments 3. buy and sell both stocks and bonds are unregulated by the federal government