Answer Happy

These are Money and Banking True / False Questions. Please
answer and provide explanation

1. To reduce the federal funds rate, the Federal Reserve can
purchase government securities on the open market.
(T/F)

2. The Federal Reserve enacts dynamic monetary policy by changing
bank reserves to combat inflation and recession; it enacts
defensive monetary policy to maintain the existing level of bank
reserves and status of the economy. (T/F)

3. To offset temporary cash drains out of the banking system
that occur during the Christmas season, the Federal Reserve enacts
reverse repurchase agreements (reverse repos) in the securities
market. (T/F)

4. Suppose that on any given day the prevailing equilibrium federal
funds rate is below the Federal Reserve's federal funds target
rate. If the Federal Reserves wishes for the federal funds
rate to be permanently at the target level, then the appropriate
policy for the Federal Reserve is to take a defensive open market
purchase, everything else held constant. (T/F)