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  • 20-06-2017
  • Business
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The most recently-introduced tool of monetary policy is the:

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BlueSky06
BlueSky06 BlueSky06
  • 04-07-2017

The most recently-introduced tool of monetary policy is the interest on reserves.

 

To add, interest on reserves (IOR) is the rate at which the Federal Reserve Banks pay interest on reserve balances, which are balances held by DIs at their local Reserve Banks.

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