The Federal Reserve implemented this monetary policy tool in 2008 that is "intended to eliminate effectively the implicit tax th
at reserve requirements used to impose on depository institutions." A) Discount Rate B) Reserve Requirement C) Open market operations D) Interest rate on required reserves
Monetary policy is defined as the policy employed by the central bank in order to stabilize the economy and bring it to equilibrium by either controlling the supply of money in the market or by altering the interest rates.
As per the question, federal reserve implemented the monetary policy that 'intends to eliminate....institutions' would be determining the 'interest rate on required reserves'. <em>This determination of interest rates by the central bank assists to control the interest rates on required or excess reserves(as a part of the monetary policy) to maintain the equilibrium of the economy.</em> Thus, <u>option D</u> is the correct answer.
I think the correct answer would be insulin. Considerable debate occurs regarding the use of anabolic steroid drugs like insulin in professional athletes and bodybuilders. Insulin is known to be used by athletes in the past as it is helpful and important in building muscle tissues. The use of it was banned in 1988 by the International Olympic Committee.
