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Usually, the short-term goal of open market operations is to achieve a specific short-term interest rate target. In other instances, monetary policy might instead entail the targeting of a specific exchange rate relative to some foreign currency or else relative to gold. For example, in the case of the United States the Federal Reserve targets the federal funds rate, the rate at which member banks lend to one another overnight. The other primary means of conducting monetary policy include: (i) Discount window lending (as lender of last resort); (ii) Fractional deposit lending (changes in the reserve requirement); (iii) Moral suasion (cajoling certain market players to achieve specified outcomes); (iv) "Open mouth operations" (talking monetary policy with the market).

What does "open mouth operations" mean?
Answer: talking monetary policy with the market
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Washington, D.C. residents who support the statehood movement sometimes use a shortened version of the Revolutionary War protest motto "No taxation without representation", omitting the initial "No", denoting their lack of Congressional representation; the phrase is now printed on newly issued Washington, D.C. license plates (although a driver may choose to have the Washington, D.C. website address instead). President Bill Clinton's presidential limousine had the "Taxation without representation" license plate late in his term, while President George W. Bush had the vehicle's plates changed shortly after beginning his term in office. President Barack Obama had the license plates changed back to the protest style at the beginning of his second term.

When did Obama have the protest plates put on his Presidential limousine?
Answer: at the beginning of his second term
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Season three premiered on January 19, 2004. One of the most talked-about contestants during the audition process was William Hung whose off-key rendition of Ricky Martin's "She Bangs" received widespread attention. His exposure on Idol landed him a record deal and surprisingly he became the third best-selling singer from that season.

Which contestant was best known for his bad audition of "She Bangs"?
Answer:
William Hung