In its earliest years, the Federal Reserve's guiding principle for the conduct of monetary policy was known as the

In its earliest years, the Federal Reserve's guiding principle for the conduct of monetary policy was known as the

In its earliest years, the Federal Reserve's guiding principle for the conduct of monetary policy was known as the




A) real bills doctrine.
B) liberal liquidity doctrine.
C) free reserves doctrine.
D) quantity theory of money.



Answer: A