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I have read and understand the syllabus. 

The main reason the Fed doesn’t like to move around the discount rate nor the reserve requirement to affect change in the economy is:

The greatest liability on the Fed’s balance sheet by 2010 was short-term Treasuries. 

Of the following, the most likely effect of a decrease in income tax rates would be to 

Which of the following is the major monetary policy making body of the U.S. Federal Reserve System? 

The unbiased expectations hypothesis of the term structure posits that long-term interest rates are unrelated to expected future short-term rates. 

Inflation causes the supply curve for loanable funds to shift to the _____ and causes the demand curve to shift to the _____. 

The shorter the time to maturity, the lower the security’s price sensitivity to an interest rate change, ceteris paribus. 

The Fed decreases bank reserves in the system by $90 million, to a reserve ratio of 12%. If there are no drains the expected change in the money supply is 

The risk that a security cannot be sold at a predictable price with low transaction costs at short notice is called liquidity risk.