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Identify and explain the Fed's three major tools in conducting monetary policy.

User Talus
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reserve requirements, the discount rate, and open market operations. In 2008, the Fed added paying interest on reserve balances held at Reserve Banks to its monetary policy toolkit.
User Zbateson
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Answer: The Fed has traditionally used three tools to conduct monetary policy: reserve requirements, the discount rate, and open market operations. In 2008, the Fed added paying interest on reserve balances held at Reserve Banks to its monetary policy toolkit.

Step-by-step explanation:

User Hartley Brody
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