When the Fed conducts open-market operations, it primarily uses
a. Treasury bills.
b. long-term U.S. government bonds.
c. bonds of publicly traded corporations.
d. overnight loans of major banks.
a. Treasury bills.
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In the prisoners' dilemma, each player is ________ regardless of the other players' actions
A) forced to confess B) forced to deny C) better off confessing D) better off denying E) going to go free
The level of technology, the rate of interest, expectations of future economic growth, and the rate of capacity utilization all determine
a. life cycle wealth b. investment c. permanent income d. transitory income e. dissaving
Government-produced goods are added to GDP at
A. their market value. B. the value they have to their users. C. the value of the inputs used to produce them. D. the value Congress places on them.
If a country has a current account deficit, which of the following must be true?
(a) It must also show a deficit in its capital account (b) It must show a surplus in its capital account (c) It must increase the purchases of foreign goods and services (d) It must increase the domestic interest rates of its bonds (e) It must limit the flow of foreign capital investment