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Question
Which of the following statements is true?A. While the Fed emphasizes money growth more than the ECB, both central banks have chosen interest rates as their operating target.
B. While the Fed emphasizes money growth less than the ECB, both central banks have chosen interest rates as their operating target.
C. Because the Fed emphasizes money growth less than the ECB, the Fed uses interest rates as their operating target while the ECB looks at growth in money aggregates.
D. Both the Fed and the ECB use growth in money aggregates as their operating target.
Answer
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