Re: PEN-AL snap quiz

[Charles Brown]

None of the above. Lower the rate by 3 %. Cut the profits of the creditor class.

CB

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1. The Federal Reserve Board Open Market Committee has been disolved and
replaced by a junta of Pen-l subscribers (Alan Greenspan has been
retained as chair, though). On tuesday the FOMC will meet to set the fed
funds rate. What would you do and why? The choices are:

a) no change in the rate
b) .25 point increase
c) .5 point increase


Tom Walker