1. Which of the following powers or tools of the Fed impacts the monetary base m

1. Which of the following powers or tools of the Fed impacts the monetary base most significantly?a. discount rateb. Reg Qc. open market operationsd. Bank examination2. The monetary base excludes which Fed balance sheet items?a. U.S. Treasury securitiesb. Agency securitiesc. DACId. all of the above3. M2 includes:a. currency in circulationb. demand depositsc. both of the aboved. none of the above4. Which of the following is not a channel of transmission of monetary policy?a. Reg Q interest rate ceilingsb. consumer spending for durable goods and housingc. net exportsd. business investment in real assets