Which statement is true?
a) people throughout history have used only currency notes for financial transactions.
b) the reserve banks determine tax rates.
c) only the federal reserve can buy government securities.
d) the federal reserve affects monetary policy.
e) the federal reserve affects fiscal policy.

The answer is: D) The Federal Reserve affects monetary policy.

Federal reserve had the power to create monetary policies in order to regulate inflation rate in the country.

These monetary policies are being made to control either the amount of money supply or the amount of money circulated in the market. (If the amount of money held by people reduced, the inflation rate tend to go down. This is how they make the control)

answer; i believe the answer is 40,600,000;

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