QUES: 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?

ANS: talking monetary policy with the market

QUES: In February 20, 1988, after a week of growing demonstrations in Stepanakert, capital of the Nagorno-Karabakh Autonomous Oblast (the Armenian majority area within Azerbaijan Soviet Socialist Republic), the Regional Soviet voted to secede and join with the Soviet Socialist Republic of Armenia. This local vote in a small, remote part of the Soviet Union made headlines around the world; it was an unprecedented defiance of republic and national authorities. On February 22, 1988, in what became known as the "Askeran clash", two Azerbaijanis were killed by Karabakh police. These deaths, announced on state radio, led to the Sumgait Pogrom. Between February 26 and March 1, the city of Sumgait (Azerbaijan) saw violent anti-Armenian rioting during which 32 people were killed. The authorities totally lost control and occupied the city with paratroopers and tanks; nearly all of the 14,000 Armenian residents of Sumgait fled.
What was triggered by the radio broadcast of the deaths?

ANS: Sumgait Pogrom

QUES: Beginning in the 1940s and continuing into the 1970s, the bureau investigated cases of espionage against the United States and its allies. Eight Nazi agents who had planned sabotage operations against American targets were arrested, and six were executed (Ex parte Quirin) under their sentences. Also during this time, a joint US/UK code-breaking effort (the Venona project)with which the FBI was heavily involvedbroke Soviet diplomatic and intelligence communications codes, allowing the US and British governments to read Soviet communications. This effort confirmed the existence of Americans working in the United States for Soviet intelligence. Hoover was administering this project but failed to notify the Central Intelligence Agency (CIA) until 1952. Another notable case is the arrest of Soviet spy Rudolf Abel in 1957. The discovery of Soviet spies operating in the US allowed Hoover to pursue his longstanding obsession with the threat he perceived from the American Left, ranging from Communist Party of the United States of America (CPUSA) union organizers to American liberals.
What stopped Hoover from pursuing his obsession with the threat from the American Left?

ANS: unanswerable

QUES: The formation of the Alps (the Alpine orogeny) was an episodic process that began about 300 million years ago. In the Paleozoic Era the Pangaean supercontinent consisted of a single tectonic plate; it broke into separate plates during the Mesozoic Era and the Tethys sea developed between Laurasia and Gondwana during the Jurassic Period. The Tethys was later squeezed between colliding plates causing the formation of mountain ranges called the Alpide belt, from Gibraltar through the Himalayas to Indonesiaa process that began at the end of the Mesozoic and continues into the present. The formation of the Alps was a segment of this orogenic process, caused by the collision between the African and the Eurasian plates that began in the late Cretaceous Period.
The Tethys sea developed during what period of time?

ANS:
Jurassic Period