In today's ample reserves regime, does the Fed set a target level or range for the federal funds rate, and how is it achieved? The Fed achieves its federal funds rate target _______.

ENGR.ECONOMIC ANALYSIS
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In today's ample reserves regime, does the Fed set a target level or range for the federal funds rate, and how is it achieved?

The Fed achieves its federal funds rate target _______.
 
 
A.
level by setting the discount rate and the interest on reserves rate
 
B.
range because whatever the supply of reserves, the rate is between the discount rate and the interest on reserves rate
 
C.
level by conducting daily open market operations
 
D.
range by setting the supply of reserves equal to the quantity of reserves demanded at the range midpoint
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