Best example of a monetary target

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Reference no: EM13978323

Which of the following is the best example of a monetary target that a central bank might adopt as monetary policy conduct?

Maintain the federal funds rate at 3.5%

Keep total non-borrowed reserves at $4.5 billion dollars

M2 should grow at 2.5% a year

Maintain the required reserve ratio at 6%

Reference no: EM13978323

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